Live Nation price target lowered to $172 from $180 at JPMorgan

JPMorgan lowered the firm’s price target on Live Nation (LYV) to $172 from $180 and keeps an Overweight rating on the shares following the fiscal Q2 report. The firm believes the impact from secondary ticketing changes is less than what was priced into the shares. Live Nation’s demand indicators remain strong, with continued growth in onsite spending and event deferred revenue up 37%, the analyst tells investors in a research note.