Warner Music Group Corp. (WMG) Tops Q1 EPS by 7c

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Go back to Warner Music Group Corp. (WMG) Tops Q1 EPS by 7c

Warner Music Group (WMG) PT Lowered to $48 but Jefferies Buy Thesis Remains Intact

February 9, 2022 7:45 AM EST

Jefferies analyst Andrew Uerkwitz lowered the price target on Warner Music Group (NASDAQ: WMG) to $48.00 (from $50.00) after the company reported strong consolidated revenue of $1.6B, driven by both Recorded Music ($1.4B) and Music Publishing ($229MM).

The analyst reiterated a Buy... More