Evercore ISI analyst Kutgun Maral lowered the firm’s price target on Live Nation (LYV) to $168 from $180 and keeps an Outperform rating on the shares. The recent quarter saw a rare topline and adjusted operating income miss, largely due to Ticketmaster pressures and slower Concerts trends, but the long-term outlook remains promising despite the “relatively off-key quarter for Live Nation,” the analyst tells investors.
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