Morgan Stanley lowered the firm’s price target on Live Nation (LYV) to $170 from $180 and keeps an Overweight rating on the shares. Q3 results showcased “healthy growth” and the firm continue to see Live Nation as positioned to translate its leadership position in live entertainment into durable, double-digit percentage earnings growth, though the firm notes that its consolidated adjusted operating income estimates come down about 3% in FY25/FY26 after earnings.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Live Nation price target lowered to $172 from $180 at JPMorgan
- Live Nation Entertainment Reports Strong Revenue Growth
- Closing Bell Movers: AMD falls 4% on earnings, Trex, Pinterest down sharply
- Live Nation reports Q3 EPS 73c vs. $1.66 last year
- Live Nation price target raised to $175 from $174 at Susquehanna