Morgan Stanley Initiates Coverage on Warner Music Group (NYSE:WMG)

Investment analysts at Morgan Stanley began coverage on shares of Warner Music Group (NYSE:WMG) in a research note issued on Monday, MarketBeat.com reports. The brokerage set an “equal weight” rating and a $32.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 1.81% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. SunTrust Banks started coverage on Warner Music Group in a research note on Monday. They set a “buy” rating and a $35.00 price target for the company. Evercore ISI started coverage on Warner Music Group in a research note on Monday. They set an “outperform” rating and a $36.00 price target for the company. Royal Bank of Canada started coverage on Warner Music Group in a research note on Monday. They set an “outperform” rating and a $40.00 price target for the company. Guggenheim started coverage on Warner Music Group in a research note on Monday. They set a “buy” rating and a $36.00 price target for the company. Finally, Macquarie started coverage on Warner Music Group in a research note on Monday. They set a “neutral” rating and a $32.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Warner Music Group currently has a consensus rating of “Hold” and a consensus price target of $33.64.

NYSE:WMG opened at $31.43 on Monday. Warner Music Group has a 1 year low of $26.99 and a 1 year 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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