Will This Ratings Downgrade Hurt Madison Square Garden (MSG) Stock Today?

NEW YORK (TheStreet) -- Madison Square Garden (MSG) was downgraded to "hold" from "buy" at Stifel Nicolaus (SF) on Thursday.

The firm said it lowered its rating on the integrated sports, entertainment, and media business as the company lacks near term catalysts.

Shares of Madison Square Garden are lower by -0.89% to $64.42 in pre-market trading today.
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MSG Chart
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