Live Nation Entertainment (LYV) DOJ Lawsuit Seems Thin - Guggenheim

Guggenheim analyst Curry Baker reiterated a Buy rating and $84.00 price target on Live Nation Entertainment (NYSE: LYV) after the WSJ recently reported on recent DOJ filings regarding the 12/19 agreement between the DOJ and Live Nation to extend the consent decree and clarify retaliation language.

The analyst does not see a financial impact stating Bottom-line: we do not believe that the consent decree extension or updated language will impair LYV's business model going forward. We continue to forecast 20+% AOI growth for 2020 driven by operational execution and OCESA".

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 $71.98 yesterday.

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