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StubHub initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of StubHub (STUB) with an Outperform rating and $30 price target The firm says the company’s scale, “differentiated” offering, and leadership in the secondary ticketing market provide key competitive advantages. StubHub is positioned for continued market share gains as the “undisputed” secondary and primary live event market leader in the U.S. and globally, the analyst tells investors in a research note.

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