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Fly News Breaks for June 28, 2019
LYV
Jun 28, 2019 | 05:00 EDT
Citi analyst Jason Bazinet downgraded Live Nation Entertainment to Sell from Neutral with an unchanged price target of $63. The analyst still likes the company's growth prospects and "consistent" operating performance. However, believes the valuation "seems stretched" at current share levels. He fears that investors have "either become too willing to pay a premium for growth" or that they are making "some valuation mistakes to arrive at the prevailing equity value."
News For LYV From the Last 2 Days
