Live Nation price target raised to $178 from $160 at Benchmark

Benchmark raised the firm’s price target on Live Nation (LYV) to $178 from $160 and keeps a Buy rating on the shares based on last night’s “good results” and “more significantly evident likelihood for a record 2025 concert year.” Despite numerous questions relating to the consumer after yesterday’s Walmart (WMT) selloff, Live Nation reported that U.S. stadium and arena tours are selling through over 75% in the first week, with artists averaging double digit growth in tickets and revenues per show, the analyst noted.