JP Morgan Reiterates Overweight on Warner Music Gr, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sebastiano Petti has reiterated an 'Overweight' rating on Warner Music Group (NASDAQ:WMG) and maintained a $40 price target.
September 21, 2023 | 4:45 pm
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JP Morgan analyst has reiterated an 'Overweight' rating on Warner Music Group and maintained a $40 price target.
The reiteration of an 'Overweight' rating by a JP Morgan analyst indicates a positive outlook for Warner Music Group. The maintained price target of $40 suggests that the analyst believes the stock is undervalued at current prices, which could lead to upward pressure on the stock in the short term.
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