Madison Square Garden Entertainment (MSGE) PT Lowered to $92 at Susquehanna
Susquehanna analyst Joseph Stauff lowered the price target on Madison Square Garden Entertainment (NYSE: MSGE) to $92.00 (from $103.00) while maintaining a Positive rating.The analyst comments "We maintain our... Susquehanna analyst Joseph Stauff has lowered the price target on Madison Square Garden Entertainment (MSGE) to $92.00 (from $103.00), while maintaining a Positive rating. The analyst maintains that the company's fiscal 1Q27 rev/EBITDA of $203m ($23m), which is below consensus estimates, is seen as an opportunity for upside due to a strong concert quarter at MSG, with 64 events, including the Harry Styles residency, driving ticketing & venue license fee revenue estimate of $122m (+42% y/y). For fiscal 2Q27, MSGE's seasonal and vertically integrated show 'Christmas Spectacular' at Radio City (MSG owns the production & venue) makes it the most important quarter of the year. StauFF also anticipates a deal announcement for MSGE to sell Infosys Theater to the federal government by year-end.
Pubblicato : 6 ore fa di in Entertainment Business
Susquehanna analyst Joseph Stauff lowered the price target on Madison Square Garden Entertainment (NYSE: MSGE) to $92.00 (from $103.00) while maintaining a Positive rating.
The analyst comments "We m... [1256 symbols]
