Morgan Stanley analyst Benjamin Swinburne lowered the firm’s price target on Spotify (SPOT) to $775 from $800 and keeps an Overweight rating on the shares. The Media and Entertainment industry heads into 2026 with “solid fundamental momentum,” says the analyst, who recommends stocks in the group that it believes are insulated from AI disruption, will benefit from demand for premium experiences, or have a differentiated earnings outlook.
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