Benchmark Downgrades Sphere Entertainment to Sell, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey has downgraded Sphere Entertainment (NYSE:SPHR) from Hold to Sell, setting a price target of $40.
September 03, 2024 | 11:55 am
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Benchmark analyst Mike Hickey downgraded Sphere Entertainment from Hold to Sell, with a new price target of $40.
The downgrade from Hold to Sell by a reputable analyst and the setting of a $40 price target suggests a negative outlook for Sphere Entertainment's stock in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
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IMPORTANCE 80
RELEVANCE 100