Several updates have emerged about Live Nation Entertainment (LYV). Their Price Target (PT) has been increased to $122.00, and it also received a consensus rating of Moderate Buy from brokerages. However, certain aspects of the company's investment strategy have been missing. Their Q2 2024 earnings have mixed results and their stock has underperformed the market. LYV's earnings and revenue for Q2 2024 missed expectations while its regulatory update is pending. JPMorgan Chase and Rosenblatt Securities raised their price targets for LYV. Shares have been sold by Boston Partners and American International Group. The company is facing a DOJ antitrust suit which has negatively impacted its stock price. Meanwhile, LYV's all-in pricing policy delivered increased ticketing transparency and ticket sales for artists. However, their outlook has been lowered by S&P Global due to the DOJ antitrust lawsuit. Revenues missed estimates while earnings beat expectations. Live Music's Q2 sales were in line with estimates and it has posted robust financial results.
Live Nation Entertainment LYV News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 04 Aug 2024 07:01:54 GMT - Rating -5 - Innovation 0 - Information 5 - Rumor -8
