tiprankstipranks

Warner Music initiated with a Sector Perform at FBN Securities

FBN Securities analyst Matthew Thornton initiated coverage of Warner Music (WMG) with a Sector Perform rating and $35 price target The firm views music streaming as a “durable” long-term growth category, with continued volume growth driven by product value proposition and tiering opportunities. However, it awaits evidence that Warner’s reinvestment is driving growth, margins, and cash conversion.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue