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TD Cowen Sticks to Their Buy Rating for Warner Music Group (WMG)

Tipranks - Tipranks - Tue Aug 4, 10:46AM CDT

TD Cowen analyst Doug Creutz reiterated a Buy rating on Warner Music Group today and set a price target of $46.00.

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Creutz covers the Communication Services sector, focusing on stocks such as Live Nation Entertainment, Take-Two, and AMC Networks. According to TipRanks, Creutz has an average return of 14.0% and a 62.96% success rate on recommended stocks.

In a report released on July 21, UBS also maintained a Buy rating on the stock with a $42.00 price target.

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Based on Warner Music Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.73 billion and a net profit of $183 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $36 million

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