Warner Music Group Corp. (WMG) Misses Q4 EPS by 10c, Revenue Beats

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Go back to Warner Music Group Corp. (WMG) Misses Q4 EPS by 10c, Revenue Beats

Warner Music Group (WMG) PT Raised to $50 at Guggenheim

November 15, 2021 6:00 PM EST

Guggenheim analyst Michael Morris raised the price target on Warner Music Group (NASDAQ: WMG) to $50.00 (from $43.00) while maintaining a Buy rating.

The analyst commented, "WMG delivered 22% overall revenue growth balanced across Recorded Music and Music Publishing (link). Adjusted OIBDA margins expanded 300bps despite the... More