MSG Entertainment named a best idea at Guggenheim

Guggenheim named MSG Entertainment (MSGE) as a best idea entering 2025. Shares have slid about 23% since fiscal Q1 earnings in November due to guidance revisions related to slate timing at the Garden, notes the analyst, who believes the company can still come close to double-digit adjusted operating income growth for FY25 despite one-time slate headwinds. The firm has a Buy rating and $48 price target on MSG Entertainment shares.

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