Live Nation upgraded to Buy from Neutral at Redburn Atlantic
The Fly

Live Nation upgraded to Buy from Neutral at Redburn Atlantic

Redburn Atlantic upgraded Live Nation to Buy from Neutral with a price target of $115, up from $114. The Department of Justice investigation continues to hang over Live Nation’s shares but break-up concerns are overblown, creating an attractive entry point “for those willing to take a calculated risk,” the analyst tells investors in a research note. The firm’s work points to nearly 20% upside “as any risk from regulatory interest passes, confirmation of which should be forthcoming in coming months.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App