Live Nation price target raised to $121 from $120 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Live Nation to $121 from $120 and keeps a Buy rating on the shares. The company provided 2024 guidance that was largely consistent with prior forecasts, and leading indicators across the business are encouraging, the analyst tells investors in a research note. The firm says Live Nation’s commentary on its conference call supports its view that the most likely outcome of a potential Justice Department investigation would be pro-consumer reforms to business practices, and not a more drastic structural remedy.