Rothschild & Co Redburn upgraded Live Nation (LYV) to Buy from Neutral with a price target of $193, up from $166. The firm says Department of Justice’s breakup argument is “losing its teeth” and that a settlement is “seemingly on the horizon.” As such, Rothschild is “more comfortable reverting to a pre-lawsuit valuation multiple” for Live Nation shares. It now sees 23% potential upside.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Oracle upgraded, Workday downgraded: Wall Street’s top analyst calls
- Wells Fargo starts Live Nation at Overweight, bullish on concert ownership plan
- Live Nation initiated with an Overweight at Wells Fargo
- SONY, UMGNF, WMG Stocks Slide on Warning Music Labels ‘Most Exposed’ to AI
- Major music labels most exposed to AI threat, says Rothschild & Co Redburn