Guggenheim Maintains Buy on Warner Music Gr, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Michael Morris maintains a Buy rating on Warner Music Group (WMG) but lowers the price target from $46 to $45.
April 05, 2024 | 2:31 pm
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Guggenheim maintains a Buy rating on Warner Music Group but lowers the price target from $46 to $45.
The adjustment in price target by Guggenheim reflects a slight modification in their valuation of WMG, possibly due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The impact on the stock price is likely neutral in the short term as the reduction in the price target is minimal and the Buy rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100