Stifel Upgrades Live Nation Entertainment (LYV) to Buy

Stifel upgraded Live Nation Entertainment (NYSE: LYV) from Hold to Buy with a price target of $31.00.

Analyst Benjamin Mogil commented, "We are raising our rating on Live Nation to Buy from Hold and establishing a $31 target price. Driving our rating change is largely an increasingly positive view on Ticketmaster from both a primary and secondary ticketing perspective as we see its competitive moat as improving. We view recent Concerts festivals acquisitions as favorable, particularly from the sponsorship angle, and view FCF growth as exceeding EBITDA growth over the next few years."

For an analyst ratings summary and ratings history on Live Nation Entertainment click here. For more ratings news on Live Nation Entertainment click here.

Shares of Live Nation Entertainment closed at $25.06 yesterday.

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