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

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