Roth MKM sees weakness in Live Nation shares as buying opportunity

Roth MKM keeps a Buy rating and $120 price target on Live Nation but calls for investors to use the recent weakness in the stock as a buying opportunity. The firm is positive on the company’s strong secular trends and a multi-year double-digit growth outlook in operating income, the analyst tells investors in a research note. Last week’s WSJ article stating that the DOJ is preparing to file a lawsuit against the company as soon as next month was also “something which has been speculated about for the last year”, the firm added.