Goldman Initiates Buy On Vegas Sphere, Says "Fad" Concerns Exaggerated

Shares of the Las Vegas Sphere (officially the MSG Sphere), owned by Sphere Entertainment Co (SPHR), have plunged into a vicious bear market this year amid fears that its subsidiary, MSG Networks—a regional sports network—faces potential bankruptcy. Nevertheless, Goldman Sachs analysts Stephen Laszczyk and Antares Tobelem have initiated coverage with a "Buy" rating