Chart of the Day - Madison Square Gardens (MSG)

The "Chart of the Day" is Madison Square Gardens (MSG), which showed up on Thursday's Barchart "All Time High" list. MSG on Thursday posted an all-time high of $30.37 and closed up 1.68%. TrendSpotter has been Long since Nov 28 at $28.37. In recent news on the stock, Morgan Stanley on Dec 8 upgraded MSG to Overweight from Underweight and raised its target to $35 from $28. Maxim on Nov 29 reiterated its Buy rating on the stock and raised its target to $36 from $32 after the NBA owners and players reached an agreement. Madison Square Gardens, with a market cap of $1.8 billion, is an integrated sports, entertainment, and media business with assets including the New York Knicks (NBA), New York Rangers (NHL), New York Liberty (WNBA), and the Hartford Wolf Pack (American Hockey League). The Company owns and operates the Madison Square Garden arena complex located in the New York metropolitan area. MSG Entertainment manages and creates concerts and events at Madison Square Garden, Radio City Music Hall, The Theater at Madison Square Garden, the Beacon Theatre, the Chicago Theatre, the Wang Theatre in Boston, and produces the Radio City Christmas Spectacular featuring the Radio City Rockettes. The company also owns and operates media assets and television networks.