Citizens analyst Matthew Condon reiterated a Market Outperform rating and $190.00 price target on Live Nation Entertainment (NYSE: LYV).

The analyst commented, "Attention remains on the recent jury ruling that Live Nation illegally monopolized aspects of the concert and ticketing industry. We believe a breakup is very unlikely and do not expect any remedies to materially exceed the behavioral remedies already agreed to in the March DOJ settlement. We remain confident in Live Nation’s competitive advantages as the leading scaled global live entertainment platform and its ability to sustain double-digit AOI growth. Our $190 price target is based on ~16x 2027E EV/EBITDA."

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Shares of Live Nation Entertainment closed at $156.64 yesterday.