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Evercore ISI Sticks to Its Buy Rating for Warner Music Group (WMG)

Tipranks - Tipranks - Wed Aug 5, 10:30AM CDT

In a report released today, Kutgun Maral from Evercore ISI maintained a Buy rating on Warner Music Group, with a price target of $43.00.

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According to TipRanks, Maral is a 2-star analyst with an average return of 1.0% and a 45.05% success rate. Maral covers the Communication Services sector, focusing on stocks such as New York Times, Fox, and Warner Music Group.

In addition to Evercore ISI, Warner Music Group also received a Buy from TD Cowen’s Doug Creutz in a report issued yesterday. However, today, Barclays maintained a Hold rating on Warner Music Group (NASDAQ: WMG).

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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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