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MSG Entertainment price target lowered to $36 from $48 at Goldman Sachs

Goldman Sachs lowered the firm's price target on MSG Entertainment (MSGE) to $36 from $48 and keeps a Buy rating on the shares. The firm believes fiscal Q3 results in May will feature in-line to slightly better consolidated revenue and adjusted operating income, updated commentary on bookings activity and FY26 Christmas Spectacular sales to-date, and color on shifting trends in New York City tourism, the analyst tells investors in a preview for the live entertainment group. The firm's lower price target reflects risk to Christmas Spectacular as well as lower market and comparable company multiples, the analyst noted. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on MSGE: Disclaimer & DisclosureReport an Issue Madison Square Garden Entertainment Appoints New CFO and Director MSG Entertainment names David Collins CFO Chisholm group purchase will value Celtics over $7B, Axios says Chisholm group buying majority stake in Celtics for $6.1B, Axios says Chisholm group to buy NBA's Celtics for over $6B, Sportico reports