Slam dunk seasons from the New York Knicks and Rangers should bode well for parent company Madison Square Garden Entertainment , according to Bank of America.
While a playoff run may bode well for shares, Madison Square Garden Entertainment could potentially reap an even bigger reward if the teams make it to the championship.
This is because a partial playoff run may be accounted for in the forecast but not a longer bid for a championship, Henderson said.
MSGE YTD mountain Madison Square Garden Entertainment shares year to date.
"We believe MSGE presents an attractive opportunity to own a growth-oriented, pure-play live entertainment company."
Persons:
bode, Peter Henderson, Jalen Brunson, Henderson
Organizations:
New York Knicks, Rangers, Garden Entertainment, Bank of America, Knicks, Radio
Locations:
Madison