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Fly News Breaks for January 10, 2020
LYV
Jan 10, 2020 | 06:50 EDT
Guggenheim analyst Curry Baker does not believe the consent decree extension or updated language between Live Nation Entertainment and the Department of Justice the will impair the company's business model going forward. The language used by the DOJ claims that Live Nation has a "well-earned reputation for threatening behavior and retaliation," but the facts continue to draw from six episodes out of ~5,000, Baker tells investors in a research note. The analyst does not believe that six incidents over a nine-year period constitute a pattern of behavior. Baker views the DOJ's case as "thin" and keeps a Buy rating on Live Nation shares.
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