Deutsche Bank analyst Benjamin Soff lowered the firm’s price target on Live Nation (LYV) to $173 from $175 and keeps a Buy rating on the shares as part of a Q3 earnings preview. The company will continue to post double digit growth and increasing profitability in the coming years, but the Federal Trade Commission’s recent complaint situation could represent an overhang for the stock, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Midday Fly By: GM, Coca-Cola report Q3 beats
- Ticketmaster to bar multiple accounts, shut down TradeDesk, Billboard reports
- Live Nation Entertainment: Strong Growth Potential and Attractive Valuation Amidst Regulatory Challenges
- Live Nation Launches $1.3 Billion Convertible Notes Offering
- Live Nation announces $1.3B offering of convertible senior notes due 2031