Morgan Stanley analyst Cameron Mansson-Perrone raised the firm’s price target on Live Nation (LYV) to $95 from $90 and keeps an Equal Weight rating on the shares ahead of the company’s quarterly report due July 27 after the close. Consumer spending growth has so far held up, which is a backdrop that positions live event businesses like Live Nation and Eventbrite (EB) for success heading into Q2 earnings and the summer festival and stadium season, the analyst tells investors in an earnings preview note.
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>>
See today’s best-performing stocks on TipRanks >>
Read More on LYV:
- The Taylor Swift Uproar is Only Part of Vivid Seat Stock’s (NASDAQ:SEAT) Story
- Live Nation initiated with an Outperform at Oppenheimer
- Citi cuts Live Nation target but ‘less worried than the bears’
- Live Nation (NYSE:LYV) Embraces Transparency: Bows to Biden’s Crackdown on Hidden Fees
- Live Nation to start ‘all-in pricing experience’ for concerts as of September