Benchmark downgraded Sphere Entertainment to a "sell" rating with a $40 price target. The share price fell 4.4% to $44.55 on Tuesday (Sept. 3).
The 20-company Billboard Global Music Index rose 3.3% to a record 1,847.64 and brought its year-to-date gain to 20.4%.
Dolan also suggested The Eagles will perform at the Las Vegas venue, although no official announcement has been made.
The NYC-based company says its venues hosted more than 1.5 million guests at over 200 events in its fiscal third quarter.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
The state-of-the-art new venue opens Sept. 29 with a U2 residency, a Darren Aronofsky film — and the potential to change live entertainment forever.
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
By showcasing art and brands on Sphere’s exterior, say reps, "we will forever change the way artwork and commerce co-exist."
New audio system created to "tackle acoustics in arguably the biggest nightmare seating format in live entertainment," MSG Ventures CEO David Dibble said.
