Macquarie analyst Paul Golding raised the firm’s price target on Sphere Entertainment to $32 from $25 and keeps a Neutral rating on the shares post the fiscal Q4 report. The company’s has a “clearer” balance sheet now that venue completion is within sight, the analyst tells investors in a research note. However, Sphere provided little additional clarity on the venue’s event schedule and financial potential, says the firm. Macquarie says there isn’t sufficient information yet to assess the forward-looking performance for the venue.
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