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.
Stocks TO Buy: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn More.

MSG Chart
MSG data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE

If you liked this article you might like

Stocks Dad Would Have Loved, And Why He Was Right

Former Macy's Herald Square Employees Sue Alleging Racial Profiling of Customers

Former NBA Star Charles Oakley Files Suit Against Knicks Owner James Dolan, MSG

3 Big Activist Investor Stories You Need to Know About Right Now