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Live Nation initiated with a Buy at MoffettNathanson

MoffettNathanson analyst Robert Fishman initiated coverage of Live Nation (LYV) with a Buy rating and $195 price target While acknowledging that Live Nation already commands a dominant share of the North American market, the firm sees “multiple growth levers to pull at home” and an overseas footprint that is expanding rapidly. Live Nation is well positioned for strong growth and outsized returns as the leader of a rapidly growing global industry, the analyst argues.

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