Sphere Entertainment is trading at €98.48, down 13.12%, after Craig-Hallum downgraded the company, citing faster-than-expected softening in demand for The Wizard of Oz at Sphere.
- On October 5, Craig-Hallum cut its target to $132 from $170 and downgraded Sphere Entertainment to Hold from Buy.
- Reports also noted uncertainty about near-term ticketing trends; no separate October 6 announcement was identified.