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home / news releases / LYV - Live Nation rises 2.1% as Berenberg boosts target on live-event upside

LYV - Live Nation rises 2.1% as Berenberg boosts target on live-event upside

Live Nation Entertainment Inc.
Live Nation Entertainment (LYV +2.1%) is an outlier on the positive side in the Communications Services sector today, rising after a price target hike at Berenberg. The firm lifted its target to $88 from $64, now implying another 8% upside beyond today's 2.1% gain. Berenberg says it sees pent-up supply and demand for live events driving the potential upside. Reading the tea leaves around vaccination rates and the potential effect on business reopening is tricky (and has the full attention of analysts), but Berenberg expects a return to scale in live concerts by 2022. Street analysts have stayed Bullish on Live Nation, while Seeking Alpha authors are Bearish, and the stock has a Quant Rating of Very Bearish.

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Live Nation rises 2.1% as Berenberg boosts target on live-event upside
Stock Information
Company Name: Live Nation Entertainment Inc.
Stock Symbol: LYV
Market: NYSE
Website: livenationentertainment.com
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