JPMorgan Chase & Co. Initiates Coverage on Warner Music Group (NYSE:WMG)

Analysts at JPMorgan Chase & Co. started coverage on shares of Warner Music Group (NYSE:WMG) in a report released on Monday, The Fly reports. The brokerage set an “overweight” rating and a $40.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 27.27% from the company’s previous close.

Several other analysts have also recently commented on WMG. Barclays started coverage on Warner Music Group in a research report on Monday. They issued an “equal weight” rating and a $28.00 target price for the company. Royal Bank of Canada started coverage on Warner Music Group in a research report on Monday. They set an “outperform” rating and a $40.00 price objective for the company. Guggenheim started coverage on Warner Music Group in a research report on Monday. They set a “buy” rating and a $36.00 price objective for the company. Sanford C. Bernstein started coverage on Warner Music Group in a research report on Tuesday, June 23rd. They set a “market perform” rating and a $33.00 price objective for the company. Finally, Evercore ISI started coverage on Warner Music Group in a report on Monday. They set an “outperform” rating and a $36.00 target price on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Warner Music Group has an average rating of “Hold” and a consensus target price of $33.64.

Shares of Warner Music Group stock opened at $31.43 on Monday. Warner Music Group has a 12 month low of $26.99 and a 12 month high of $34.76.

About Warner Music Group

There is no company description available for Warner Music Group Corp.

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Analyst Recommendations for Warner Music Group (NYSE:WMG)

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