As previously reported, BofA initiated coverage of Live Nation with a Buy rating and $125 price target, representing 31% upside. The firm views Live Nation, which it calls “the global leader in live concerts and ticketing,” as a growth-oriented, live entertainment company benefiting from favorable trends. Several key drivers should fuel long-term growth, says the analyst, who thinks the potential for a Ticketmaster break-up due to regulatory pressure is “largely priced in.”
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