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

Macquarie began coverage on shares of Warner Music Group (NYSE:WMG) in a research note published on Monday morning, The Fly reports. The brokerage issued a neutral rating and a $32.00 price objective on the stock.

WMG has been the subject of several other reports. Royal Bank of Canada assumed coverage on Warner Music Group in a report on Monday. They set an outperform rating and a $40.00 price target for the company. Atlantic Securities assumed coverage on Warner Music Group in a report on Wednesday, June 3rd. They set a neutral rating and a $23.00 price target for the company. Sanford C. Bernstein assumed coverage on Warner Music Group in a report on Tuesday, June 23rd. They set a market perform rating and a $33.00 price target for the company. Goldman Sachs Group assumed coverage on Warner Music Group in a report on Monday. They set a neutral rating and a $33.00 price target for the company. Finally, Evercore ISI assumed coverage on Warner Music Group in a report on Monday. They set an outperform rating and a $36.00 price target for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Warner Music Group presently has an average rating of Hold and an average price target of $33.64.

Shares of Warner Music Group stock opened at $29.35 on Monday. Warner Music Group has a 12 month low of $26.99 and a 12 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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The Fly

Analyst Recommendations for Warner Music Group (NYSE:WMG)

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