Guggenheim Keeps Their Buy Rating on Warner Music Group (WMG)
In a report released today, Michael Morris from Guggenheim maintained a Buy rating on Warner Music Group, with a price target of $36.00.
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According to TipRanks, Morris is a 5-star analyst with an average return of 13.2% and a 53.69% success rate. Morris covers the Communication Services sector, focusing on stocks such as Spotify, Warner Music Group, and Walt Disney.
In addition to Guggenheim, Warner Music Group also received a Buy from TD Cowen’s Doug Creutz in a report issued today. However, yesterday, Bank of America Securities reiterated a Hold rating on Warner Music Group (NASDAQ: WMG).
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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- Warner Music Group Reports Strong Fiscal Q3 Results
- Warner Music reports Q3 adjusted EPS 51c, consensus 34c
- Warner Music Group Maintained at Hold as Strong Q3 Results Offset by Streaming Deceleration and Leadership Uncertainty
- Warner Music Group: Solid Fundamentals Offset by Leadership Uncertainty; Hold Rating and $35 Price Target Maintained
- Warner Music reports preliminary Q3 adjusted EPS roughly 51c, consensus 39
