Macquarie analyst Paul Golding lowered the firm’s price target on MSG Entertainment (MSGE) to $45 from $47 and keeps an Outperform rating on the shares. The company’s Q1 revenue missed on concerts after being impacted by tough comps, though earnings for the quarter was ahead of Wall Street expectations on better operating expenses, the analyst tells investors in a research note. The firm noted that there have been some cancellations of late on limited appetite for a given show/act or from artist injuries/illnesses.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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 lowered to $44 from $45 at Morgan Stanley
- MSG Entertainment’s Q1 2025: Revenue Dips, Losses Narrow
- Morning Movers: Expedia, Airbnb moving in opposite directions after results
- MSG Entertainment reports Q1 EPS (40c), consensus (79c)
- MSGE Upcoming Earnings Report: What to Expect?