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Fly News Breaks for May 1, 2015
LYV
May 1, 2015 | 06:36 EDT
As previously reported, Stifel upgraded Live Nation to Buy from Hold and established a $31 price target. The firm raised 2016 estimates following Q1 results and guidance due to core strength across all categories, especially free-cash-flow. Stifel said the Ticketing segment is seeing more favorable competitive dynamics and has dominant online market share and increased festival exposure bodes well for the Sponsorship segment.