Morgan Stanley analyst Cameron Mansson-Perrone raised the firm’s price target on Live Nation to $120 from $110 and keeps an Overweight rating on the shares. Live Nation’s forecast for double-digit Adjusted Operating Income, or AOI, growth in 2024 and beyond enforce the firm’s view that “there are strong and durable drivers behind consumer demand for live entertainment” and it views the shares as “the most attractive way to play these trends,” the analyst tells investors.
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