Macquarie raised the firm’s price target on Live Nation to $130 from $125 and keeps an Outperform rating on the shares. Looking to FY25 for a run-rate view of operations and the growth trajectory drives a 4% increase in the firm’s price target notes the analyst, whose FY24, FY25 and FY26 AOI estimates are now $2.1B, $2.32B and $2.6B, respectively, as the firm factors in the weather, amp dynamics and normalized calendar year 2025 mix and pipeline.
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