Guggenheim lowered the firm’s price target on Warner Music (WMG) to $37 from $40 and keeps a Buy rating on the shares. Results largely underperformed expectations with management anticipating continued slower Subscription Streaming revenue growth for the remainder of FY25, notes the analyst, who tempered forecasts following the fiscal Q2 report.
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Read More on WMG:
- Warner Music price target lowered to $31 from $32 at Morgan Stanley
- Warner Music price target lowered to $28 from $31 at Barclays
- Warner Music Group Reports Mixed Q2 Results
- Warner Music Group’s Challenging Market Conditions Justify Hold Rating Amid Revised Growth Expectations
- Warner Music Group: Buy Rating Reaffirmed Despite Short-Term Challenges
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