Warner Music Group (NYSE:WMG) Coverage Initiated at Macquarie

Equities researchers at Macquarie began coverage on shares of Warner Music Group (NYSE:WMG) in a note issued to investors on Monday, The Fly reports. The brokerage set a “neutral” rating and a $32.00 price target on the stock. Macquarie’s target price suggests a potential upside of 1.81% from the stock’s previous close.

A number of other research firms also recently weighed in on WMG. Goldman Sachs Group started coverage on Warner Music Group in a research report on Monday. They set a “neutral” rating and a $33.00 target price on the stock. 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 target price on the stock. Evercore ISI started coverage on Warner Music Group in a research report on Monday. They set an “outperform” rating and a $36.00 target price on the stock. Credit Suisse Group started coverage on Warner Music Group in a research report on Monday. They set an “outperform” rating and a $37.00 target price on the stock. Finally, Guggenheim initiated coverage on Warner Music Group in a research report on Monday. They set a “buy” rating and a $36.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Warner Music Group currently has a consensus rating of “Hold” and an average price target of $33.64.

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

Warner Music Group Company Profile

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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