Madison Square Garden Sports rises on S&P SmallCap inclusion

MSG Knickerbockers

28/07/2023 11:14

** Shares of Madison Square Garden Sports  MSGS.N  up 5% at
$199.60 premarket ahead of SmallCap 600 index  .SPCY  addition
next week
    ** New York Knicks and New York Rangers owner to join SPCY
effective Tues., Aug 1, per S&P Dow Jones Indices
    ** Co to replace Aerojet Rocketdyne Holdings  AJRD.N , which
is being acquired by L3Harris Technologies  LHX.N 
    ** MSGS up ~4% YTD and up 26% over the past 12 months. Co
has ~$4.5 bln market cap, per Refinitiv
    ** 4 of 6 analysts rate stock "buy" or "strong buy", rest
have "hold" recommendation; median PT is $230 - Refinitiv data

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))