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Sphere Entertainment Shares Fall 12% Following Analyst Downgrade

Barrons.com +2 ·

SPHR
SPHR Sphere Entertainment Co
$105.38 -4.89%
View chart & analysis →
  1. 1Craig-Hallum analyst Ryan Sigdahl downgraded Sphere Entertainment from buy to hold.
  2. 2The previous price target for Sphere Entertainment was lowered from $170 to $132.
  3. 3Sphere Entertainment's monthly ticket sales have decreased from approximately $40 million since June to less than $30 million.

So what's the key point?

An expert lowered the expectation that Sphere Entertainment shares will rise further. This is because monthly ticket sales dropped from $40 million to less than $30 million.

Source Barrons.com +2 · View original ↗

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