Warner Music Group Corp. (WMG) Tops Q1 EPS by 7c
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Warner Music Group (WMG) PT Lowered to $48 but Jefferies Buy Thesis Remains Intact
February 9, 2022 7:45 AM ESTJefferies 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
