Guggenheim names Madison Square Garden Sports Corp as top pick for 2025.

From Investing.com: 2024-12-30 12:24:07

Guggenheim names Madison Square Garden Sports Corp as its top pick for 2025, citing strong growth in live entertainment and potential from Penn Station redevelopment. Despite recent guidance revisions, the brokerage expects nearly double-digit operating income growth. MSGE shares have dropped 23%, but Guggenheim sees a recovery in the second half of 2025.

MSG’s NYC assets, like The Garden, are poised to benefit from live event rebound. Stock repurchases, including a $25 million buyback, add to the optimism. Potential upside from Penn Station developments and the sale of Hulu Theater could unlock more value for shareholders. Guggenheim maintains a “buy” rating with a $48 price target.



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