Madison Square Garden (MSG +0.5%) is initiated at Needham with a Buy, encouraging investors to...

|About: The Madison Square Garden C... (MSG)|By:, SA News Editor

Madison Square Garden (MSG +0.5%) is initiated at Needham with a Buy, encouraging investors to exploit any weakness tied to an ongoing contract dispute with Time Warner Cable. Needham says it's bullish on the NBA's new labor agreement and Christmas debut, noting that the combined value of the Knicks and NHL's Rangers is more than half of MSG's total enterprise value.