Guggenheim Upgrades Sphere Entertainment to Buy, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Ian Zaffino upgraded Sphere Entertainment (NYSE:SPHR) from Neutral to Buy and increased the price target from $38 to $40, indicating a positive outlook on the company's stock.
December 06, 2023 | 2:23 pm
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Sphere Entertainment was upgraded by Guggenheim from Neutral to Buy, with a raised price target from $38 to $40, suggesting a bullish stance on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential growth that may not have been priced in. The increase in price target further reinforces the positive sentiment.
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