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Warner Music price target raised to $46 from $36 at TD Cowen

TD Cowen raised the firm’s price target on Warner Music (WMG) to $46 from $36 and keeps a Buy rating on the shares. The company’s Recorded Music subscription revenue rebounded in fiscal Q3, the analyst tells investors in a research note. The firm sees Warner’s gross margin expanding in fiscal 2026 on its cost reduction plan.

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