Wolfe Research Initiates Coverage On Sphere Entertainment with Peer Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Peter Supino has initiated coverage on Sphere Entertainment (NYSE:SPHR) with a Peer Perform rating, indicating expectations that the company's stock performance will be in line with its peers.
January 17, 2024 | 9:49 am
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Sphere Entertainment has been given a Peer Perform rating by Wolfe Research, suggesting that the stock is expected to perform on par with its industry peers.
The initiation of coverage by Wolfe Research with a Peer Perform rating typically suggests a neutral impact on the stock price in the short term. It indicates that the analyst believes SPHR will perform similarly to its peers, which neither favors a bullish nor a bearish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100