Deutsche Bank Starts Warner Music Group (WMG) at Buy

March 10, 2022 5:40 PM EST
Get Alerts WMG Hot Sheet
Price: $23.08 -3.15%

Rating Summary:
    10 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 9 | New: 24
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Deutsche Bank analyst Benjamin Black initiates coverage on Warner Music Group (NASDAQ: WMG) with a Buy rating and a price target of $42.00.

The analyst commented, "We are broadly bullish on the music industry and currently think the labels (WMG and UMG) are the best way to play the durable revival in recorded music revenue growth."

For an analyst ratings summary and ratings history on Warner Music Group click here. For more ratings news on Warner Music Group click here.

Shares of Warner Music Group closed at $33.44 yesterday.

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