Guggenheim raised the firm’s price target on MSG Entertainment (MSGE) to $70 from $62 and keeps a Buy rating on the shares. The firm is raising its fiscal Q2, FY26, and FY27 AOI forecasts on continued strength of the Christmas Spectacular, continued underlying strength in the FY26 slate at the Garden, and a belief FY27 will include a “material” Garden residency, the analyst tells investors.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSGE:
- MSG Entertainment price target raised to $60 from $47 at JPMorgan
- MSG Entertainment price target raised to $64 from $55 at BofA
- AB InBev, Madison Square Garden expand multi-year sponsorship
- MSG Entertainment price target raised to $60 from $53 at Goldman Sachs
- MSG Entertainment price target raised to $61 from $48 at Morgan Stanley
