Morgan Stanley Maintains Equal-Weight Rating for Sphere Entertainment: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Sphere Entertainment SPHR and lower its price target from $70.00 to $26.00.

Shares of Sphere Entertainment are trading down 6.43% over the last 24 hours, at $23.27 per share.

A move to $26.00 would account for a 11.73% increase from the current share price.

About Sphere Entertainment

Sphere Entertainment Co is premier live entertainment and media company. The firm creates, writes, cast, produce, and tour major shows and events. The company's portfolio includes Sphere, a next-generation entertainment medium to the world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.