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Fly News Breaks for April 4, 2018
LYV
Apr 4, 2018 | 08:26 EDT
Shares of Live Nation are down 13% this week after press reports indicated the Department of Justice is looking into the company's marketplace behavior, Jefferies analyst John Janedis tells investors in a research note. Based on channel checks, the analyst does not expect the DOJ to bring a lawsuit against Live Nation. Janedis believes the company's longer term secular story is intact and he keeps a Buy rating on the name with a $52 price target.
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