Guggenheim raised the firm’s price target on Sphere Entertainment to $44 from $40 and keeps a Buy rating on the shares after the firm updated its model ahead of Sphere’s fiscal Q2 earnings due on Monday, February 5. The firm raised its Q2 revenue and AOI estimates on higher Sphere segment results, while its Q3 revenue and AOI results are slightly lower on a tough quarter-over-quarter U2 show count comparison.
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