Morgan Stanley raised the firm’s price target on MSG Entertainment (MSGE) to $45 from $42 and keeps an Equal Weight rating on the shares. While noting that MSG Entertainment “concluded a strong first year as a standalone entity” and stating that FY24 and forward guidance support the view that demand for live events remains healthy and can grow despite a softer macro backdrop, the analyst sees a stronger risk/reward in live events through Overweight-rated Live Nation (LYV).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSGE:
- Applied Materials, H&R Block report quarterly beats: Morning Buzz
- Morning Movers: MSG Entertainment rises following quarterly release
- Options Volatility and Implied Earnings Moves Today, August 16, 2024
- MADISON SQUARE GARDEN ENTERTAINMENT CORP. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS
- MSG Entertainment reports Q4 EPS $1.41 vs. (47c) last year
Questions or Comments about the article? Write to editor@tipranks.com