DOJ Case Against Live Nation Is 'Weak,' Analysts Say: 'Separating Ticketmaster... Is Unlikely To Lower Ticket Prices'
Portfolio Pulse from Chris Katje
The Department of Justice (DOJ) has filed an antitrust lawsuit against Live Nation Entertainment (NYSE: LYV), causing a drop in its shares. Analysts from Guggenheim and Roth believe the case is weak and unlikely to succeed. They argue that breaking up Live Nation and Ticketmaster will not lower ticket prices, as these are set by artists and market forces. Both analysts maintain a Buy rating on LYV with price targets of $128 and $120, respectively.
May 24, 2024 | 5:14 pm
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The DOJ's antitrust lawsuit against Live Nation is considered weak by analysts from Guggenheim and Roth. They believe the case is unlikely to succeed and maintain Buy ratings with price targets of $128 and $120. Breaking up Live Nation and Ticketmaster is not expected to lower ticket prices.
Analysts from Guggenheim and Roth believe the DOJ's case against Live Nation is weak and unlikely to succeed. They maintain Buy ratings with high price targets, indicating confidence in the company's future performance. The lawsuit is not expected to impact ticket prices, which are set by artists and market forces.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100