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Warner Music price target lowered to $37 from $40 at Guggenheim

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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