UBS analyst Batya Levi lowered the firm’s price target on Warner Music (WMG) to $38 from $41 and keeps a Buy rating on the shares. Warner Music’s Q2 results were lighter driven by a combination of factors including tougher comps, softer ad market, lighter release schedule, and share loss in China, which management expects to persist in the second half, the analyst tells investors in a research note. UBS expects benefits from new Digital Service Provider agreements to materialize in fiscal 2026, supporting long-term growth.
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