Live Nation (LYV) PT Bumped to $32 at Jefferies Post Q3

November 8, 2016 7:30 AM EST
Get Alerts LYV Hot Sheet
Price: $27.72 --0%

Rating Summary:
    10 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies analyst John Janedis reiterated a Buy rating and lifted his price target on Live Nation Entertainment (NYSE: LYV) to $32.00 (from $31.00) following results.

Janedis commented, "3Q AOI of $303M beat our $292M (FC: $291M) on strong Concert AOI, driven by a solid line-up and improved on-site revenue which should continue into next year, despite a tough comp. We are tweaking 4Q lower, on timing of events, which still equates to 12% AOI growth for the yr ($643M), with 9% growth in '17 ($703M). We reiterate our Buy rating and believe LYV remains well positioned for HSD/LDD AOI growth for the next few years."

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 $27.69 yesterday.

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