Live Nation Entertainment’s initiatives to create locations are an extra development vehicle driver for a currently solid firm, according to JPMorgan. The company repeated an obese ranking on the amusement supply and increased its cost target to $137 per share from $118. JPMorgan’s projection indicates greater than 19% upside from Wednesday’s close. “Investment in venues further raises the overall fan experience at the high- and low-end, creating healthy long-term demand and raising artist willingness to tour, especially abroad,” expert David Karnovsky composed. He kept in mind that three-quarters of the firm’s $650 million 2024 capital investment support is designated for locations. “A global leader in live entertainment, ticketing, and talent management services, we see Live Nation as a multi-year free cash flow growth story supported by a management team focused and compensated on continued monetization of artist, tour, and venue content,” the expert included. Analysts are typically favorable on the Ticketmaster moms and dad firm. Of the 22 covering the supply, 18 have either a buy or solid buy ranking on it, per LSEG. Year to day, the supply is up greater than 22%. LYV YTD hill LYV year to day
