Macquarie Maintains Neutral on Warner Music Gr, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains a Neutral rating on Warner Music Group (NASDAQ:WMG) and lowers the price target from $32 to $30.
October 11, 2024 | 3:04 pm
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Macquarie analyst Tim Nollen maintains a Neutral rating on Warner Music Group and lowers the price target from $32 to $30, indicating a slightly bearish outlook.
The lowering of the price target from $32 to $30 by Macquarie suggests a slightly bearish sentiment towards Warner Music Group's stock. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100