JP Morgan Maintains Neutral on Sphere Entertainment, Lowers Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst David Karnovsky maintains a Neutral rating on Sphere Entertainment (NYSE:SPHR) and lowers the price target from $59 to $25.
June 07, 2023 | 1:57 pm
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JP Morgan analyst David Karnovsky maintains a Neutral rating on Sphere Entertainment and lowers the price target from $59 to $25.
The lowered price target from $59 to $25 by JP Morgan analyst David Karnovsky indicates a bearish outlook on Sphere Entertainment's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100