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Fly News Breaks for October 2, 2019
LYV
Oct 2, 2019 | 07:55 EDT
Jefferies analyst Khoa Ngo initiated coverage of Live Nation Entertainment with a Buy rating and $84 price target. The analyst believes "consistent" low-double-digit adjusted operating income growth, "strong" execution, and upside from acquisitions support a premium valuation for Live Nation shares. Ngo expects continued accretive acquisitions and per-fan growth from the company.