Warner Music Group (NYSE:WMG) Coverage Initiated by Analysts at SunTrust Banks

SunTrust Banks initiated coverage on shares of Warner Music Group (NYSE:WMG) in a research note released on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $35.00 price objective on the stock. SunTrust Banks also issued estimates for Warner Music Group’s Q3 2020 earnings at $0.11 EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.36 EPS, FY2021 earnings at $0.63 EPS, FY2022 earnings at $1.03 EPS, FY2023 earnings at $1.36 EPS and FY2024 earnings at $1.61 EPS.

Several other analysts have also issued reports on the stock. Goldman Sachs Group initiated coverage on shares of Warner Music Group in a research note on Monday. They issued a neutral rating and a $33.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Warner Music Group in a research note on Monday. They issued an outperform rating and a $40.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Warner Music Group in a research note on Monday. They issued an overweight rating and a $40.00 target price for the company. Guggenheim initiated coverage on shares of Warner Music Group in a research note on Monday. They issued a buy rating and a $36.00 target price for the company. Finally, Barclays initiated coverage on shares of Warner Music Group in a research note on Monday. They issued an equal weight rating and a $28.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Warner Music Group currently has an average rating of Hold and a consensus target price of $33.64.

Shares of WMG 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.

About Warner Music Group

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

Featured Story: What is the strike price in options trading?

Analyst Recommendations for Warner Music Group (NYSE:WMG)

Receive News & Ratings for Warner Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Music Group and related companies with MarketBeat.com's FREE daily email newsletter.