Atlantic Equities Downgrades Warner Music Gr to Neutral, Lowers Price Target to $26
Portfolio Pulse from richadhand@benzinga.com
Atlantic Equities analyst Hamilton Faber downgraded Warner Music Group (NASDAQ: WMG) from Overweight to Neutral and lowered the price target from $39 to $26.
June 02, 2023 | 9:25 am
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NEGATIVE IMPACT
Warner Music Group (WMG) has been downgraded from Overweight to Neutral by Atlantic Equities analyst Hamilton Faber, with a reduced price target of $26.
The downgrade from Overweight to Neutral and the reduction in price target from $39 to $26 by Atlantic Equities analyst Hamilton Faber indicates a less optimistic outlook for WMG's stock performance in the short term. This could lead to a negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100