B of A Securities Downgrades Warner Music Gr to Underperform, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Warner Music Group (NASDAQ:WMG) from Neutral to Underperform and lowered its price target from $33 to $30.
October 04, 2024 | 11:05 am
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B of A Securities has downgraded Warner Music Group from Neutral to Underperform, reducing the price target from $33 to $30. This suggests a negative outlook on the stock's performance.
The downgrade from Neutral to Underperform by a major analyst firm like B of A Securities typically indicates a negative sentiment towards the stock, suggesting that it may underperform the market. The reduction in the price target further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100