Roth MKM analyst Eric Handler raised the firm’s price target on Live Nation to $95 from $80 but keeps a Neutral rating on the shares. The company is positioned to meet or beat the firm’s above-consensus Q2 outlook, with fully reopened international markets, still strong domestic demand, and higher prices remaining key drivers, the analyst tells investors in a research note. Roth MKM adds however that it remains concerned about the declining U.S. consumer savings cushion and valuation, which is at the upper end of the historical trading range.
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