MSGN - MSG Networks rises 4.9% as Macquarie upgrades on profit beat

MSG Networks (MSGN) is 4.9% higher premarket after an upgrade to Outperform at Macquarie, from Neutral. That follows yesterday morning's earnings report for the company's fiscal second quarter, where it topped EPS expectations despite a 22% decline in revenues. The firm set its price target to $20, implying 21% upside. Wall Street analysts are Neutral on the stock, while Seeking Alpha authors are Bullish. It has a Quant Rating of Neutral. Earnings call transcript

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MSG Networks rises 4.9% as Macquarie upgrades on profit beat