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home / news releases / LYV - Live Nation -1.9% as Macquarie downgrades to Neutral on valuation

LYV - Live Nation -1.9% as Macquarie downgrades to Neutral on valuation

Live Nation Entertainment Inc.
Live Nation (LYV) is 1.9% lower after a downgrade to Neutral at Macquarie, from Outperform. That's a move based chiefly on valuation, the firm suggests. Live Nation stock has risen 29.7% over the past month, in large part due to a move earlier this month for Liberty Media to offer $800M in senior debentures tied to Live Nation common stock. Macquarie has a $65 price target, currently implying 1.4% further downside.

For further details see:

Live Nation -1.9% as Macquarie downgrades to Neutral on valuation
Stock Information
Company Name: Live Nation Entertainment Inc.
Stock Symbol: LYV
Market: NYSE
Website: livenationentertainment.com
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