Morgan Stanley Maintains Overweight on Warner Music Gr, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Overweight rating on Warner Music Group (NASDAQ:WMG) and raised the price target from $34 to $38.

August 09, 2023 | 3:06 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Warner Music Group and raised the price target from $34 to $38, which could lead to a positive market reaction.
Analyst ratings and price targets can significantly influence the market's perception of a stock. In this case, Morgan Stanley's decision to maintain an Overweight rating and raise the price target for WMG suggests a positive outlook for the company, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100