TD Cowen Remains a Buy on Live Nation Entertainment (LYV)
TD Cowen analyst Doug Creutz maintained a Buy rating on Live Nation Entertainment on January 23. The company’s shares closed last Friday at $146.97.
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Creutz covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Take-Two, and Nintendo Co. According to TipRanks, Creutz has an average return of 14.9% and a 62.10% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Live Nation Entertainment with a $174.50 average price target, a 18.73% upside from current levels. In a report released on January 18, Seaport Global also reiterated a Buy rating on the stock with a $190.00 price target.
Based on Live Nation Entertainment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.5 billion and a net profit of $431.46 million. In comparison, last year the company earned a revenue of $7.65 billion and had a net profit of $451.81 million
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