1341 ET - Madison Square Garden Sports' F2Q results were mixed: with a revenue beat, but elevated costs that drove an adjusted operating income miss, Macquarie analysts say in a research note. Despite the disparate results, the analysts say they remain bullish on the stock due to potential minority stake deals, consumer demand for live events and corporate spending. Madison Square Garden Sports owns and operates the NBA's Knicks, the NHL's Rangers and the Liberty of the WNBA among other franchises. Macquarie raises its target price to $250 from $240. Shares fall 1% to $200.71. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 25, 2025 13:41 ET (18:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.