Guggenheim raised the firm’s price target on Sphere Entertainment (SPHR) to $76 from $75 and keeps a Buy rating on the shares. The firm is updating its second half outlook to reflect greater confidence in Sphere’s The Wizard of Oz due a stronger-than-expected initial start and “generally positive reception,” the analyst tells investors.
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Read More on SPHR:
- Sphere Entertainment CEO Andrea Greenberg Departs Company
- Sphere Entertainment price target raised to $62 from $52 at Seaport Research
- Sphere Entertainment repurchases 629,028 shares of Class A common stock
- Is SPHR a Buy, Before Earnings?
- Sphere Entertainment price target raised to $40 from $35 at Morgan Stanley