Macquarie analyst Paul Golding reiterated an Outperform rating and $125 price target on Live Nation after the company reported “another resounding beat” for quarterly earnings. Live Nation continues to capitalize on secular growth in live events, and FY24 is poised to be another growth year, the analyst tells investors in a research note. The firm added that its price target remains unchanged on continued fundamental outperformance and strong leading indicators, and that the current antitrust overhang presents a buying opportunity.
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