Slam dunk seasons from the New York Knicks and Rangers should bode well for parent company Madison Square Garden Entertainment , according to Bank of America. "We anticipate healthy F3Q results supported by strong demand for live experiences," said analyst Peter Henderson.
mountain Madison Square Garden Entertainment shares year to date. Given this outlook, the analyst upped his price target to $43 from $41 a share, reflecting about 8% upside from Tuesday's close. He also hiked fiscal third-quarter revenue estimate to $229 million and revised his full-year forecast to $942 million, which is slightly above the midpoint of the company's $930 million to $950 million range.
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