Live Nation Entertainment (LYV) Tops Q1 EPS by 19c

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Go back to Live Nation Entertainment (LYV) Tops Q1 EPS by 19c

Live Nation (LYV) PT Lifted Sharply at Maxim Group Post Q1

May 7, 2014 8:34 AM EDT

Maxim Group analyst John Tinker reiterated a Buy rating on Live Nation Entertainment (NYSE: LYV) and lifted his price target to $29.00 (from $26.00) following Q1 results.

Tinker commented, "LYV reported 1Q14 growth of 22% y/y to $1.1B, compared to our estimate/consensus of $965M/$964M, primarily driven by an increase in concerts. Attendance grew 11.5% y/y to 9.0M, compared to our estimated growth... More