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MSG Entertainment price target raised to $48 from $43 at BofA

BofA analyst Peter Henderson raised the firm’s price target on MSG Entertainment to $48 from $43 and keeps a Buy rating on the shares after the company delivered better than forecast revenue and adjusted operating income in fiscal Q4 and provided “strong” guidance for FY25. For FY25, the firm now estimates 2% revenue growth to $978M and AOI growth of 10% to $232M, the analyst tells investors.

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