BofA raised the firm’s price target on Live Nation (LYV) to $149 from $125 and keeps a Buy rating on the shares. Live Nation’s investor presentation and “upbeat commentary” on supply and demand dynamics for live music/live entertainment reinforced the firm’s view that the company will continue to benefit from secular and demographic tailwinds, solid strategies, and strong execution, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Live Nation (LYV) Stock Falls Despite Posting Strong Q3 Profit
- Liberty Media announces plan to split off Liberty Live Group
- Live Nation price target raised to $148 from $132 at Goldman Sachs
- Elliott confirms big Honeywell stake, Home Deport reports Q3 beat: Morning Buzz
- Early notable gainers among liquid option names on November 12th