Goldman Sachs Starts Madison Square Garden Entertainment (MSGE) at Neutral on valuation

Goldman Sachs analyst Stephen Laszczyk initiates coverage on Madison Square Garden Entertainment (NYSE: MSGE) with a Neutral rating and a price target of $40.00.

The analyst commented, "We initiate coverage of Madison Square Garden Entertainment (MSGE) with a Neutral rating and a 12-month price target of $40, representing 12% upside potential. While MSG
Entertainment’s recent spin has created a unique opportunity for investors to gain pure-play exposure to a live entertainment venues business (as well as the favorable secular tailwinds and strong financial model that come along with it), we view valuation at current levels as appropriate given the expected growth profile and capital allocation opportunities of the business relative to comparable companies in the marketplace today."

For an analyst ratings summary and ratings history on Madison Square Garden Entertainment click here. For more ratings news on Madison Square Garden Entertainment click here.

Shares of Madison Square Garden Entertainment closed at $35.71 yesterday.

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