Jefferies Sees Achievable Path to $1B+ in AOI for Live Nation (LYV); PT to $33

November 29, 2016 6:33 AM EST
Get Alerts LYV Hot Sheet
Price: $27.43 +0.33%

Rating Summary:
    10 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies analyst John Janedis reiterated a Buy rating and bumped his price target on Live Nation Entertainment (NYSE: LYV) to $33.00 (from $32.00) saying they see an achievable path to $1B+ in AOI.

Janedis commented, "LYV recently laid out a path to generate $1B+ (JEF '16E: $645M) in AOI. While no explicit timeline was set, we believe LYV can reach $1B+ in <5 yrs, implying an acceleration of AOI growth into the low-DD vs. HSD over the past 5. We explore each opp. in more detail & believe LYV's core businesses have a multiyear secular growth tailwind / defensible moat."

For an analyst ratings summary and ratings history on Live Nation Entertainment click here. For more ratings news on Live Nation Entertainment click here.

Shares of Live Nation Entertainment closed at $27.77 yesterday.

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