Macquarie Maintains Neutral on Sphere Entertainment, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Paul Golding maintains a Neutral rating on Sphere Entertainment (NYSE:SPHR) and raises the price target from $25 to $32.

August 25, 2023 | 4:06 pm
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NEUTRAL IMPACT
Macquarie maintains a Neutral rating on Sphere Entertainment and raises the price target from $25 to $32.
The news directly pertains to Sphere Entertainment (SPHR). Macquarie's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $25 to $32 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100