Susquehanna raised the firm’s price target on MSG Entertainment (MSGE) to $74 from $71 and keeps a Positive rating on the shares. The firm said they delivered an important beat in the December quarter; financially the most important quarter for them given weighting of the Christmas Spectacular show, with revenue/EBITDA 2%/5% higher than consensus.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $67 from $61 at Morgan Stanley
- MSG Entertainment price target raised to $70 from $64 at BofA
- MSG Entertainment price target raised to $74 from $70 at Guggenheim
- MSG Entertainment price target raised to $63 from $60 at JPMorgan
- MSGE: Solid Fundamentals but Limited Upside and Near-Term Profit Headwinds Support Hold Rating