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Fly News Breaks for March 15, 2019
LYV
Mar 15, 2019 | 07:03 EDT
Citi analyst Jason Bazinet downgraded Live Nation Entertainment to Neutral from Buy while raising his price target for the shares to $63 from $59. The analyst continues to like Live Nation's business model and long-term growth prospects, but he views the valuation as "full" at current share levels. Further, M&A may be less likely and macroeconomic forces "may conspire against the firm," Bazinet tells investors in a research note.