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.”
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