Morgan Stanley analyst Cameron Mansson-Perrone raised the firm’s price target on Warner Music (WMG) to $38 from $37 and keeps an Overweight rating on the shares. The firm sees revenue and earnings acceleration at Warner Music supporting a multiple re-rating and believes AI fears are “overblown,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMG:
- Warner Music announces TuStreams investment as part of partnership
- Warner Music price target lowered to $30 from $33 at BofA
- Warner Music Group: Solid Fundamentals vs. AI Disruption Risks Justify Neutral Rating and Lowered $30 Price Target
- Warner Music acquires independent music platform Revelator
- Warner Music price target lowered to $34 from $37 at Guggenheim