Goldman Sachs analyst Stephen Laszczyk raised the firm’s price target on Live Nation (LYV) to $148 from $132 and keeps a Buy rating on the shares. The company’s Q3 results featured better than expected operating income and also included constructive forward-looking commentary on underlying supply, demand, and margin trends, which are supportive of the firm’s “upside to consensus expectations for 2024 and 2025”, the analyst tells investors in a research note. The firm also sees a higher probability that the incoming Trump Administration will take a less aggressive stance on antitrust regulation and will be more open to settling the DOJ’s current lawsuit against Live Nation and Ticketmaster.
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