Live Nation (LYV) Price Target Raised by Benchmark Amid Regulatory Scrutiny
Benchmark analyst Matthew Harrigan has increased the firm's price target for Live Nation (LYV) to $190, up from $180, while maintaining a Buy rating. However, the firm anticipates a delay in achieving this target due to ongoing regulatory challenges in Washington.
Revised Timeline Due to Regulatory Concerns
According to the analyst, the increased price target's realization is now projected to occur in 2026. This deferral is attributed to the persistent "Washington regulatory cloud," specifically referring to the potential for further action by the FTC, possibly through a lawsuit.
Analyst Optimism Despite Headwinds
Despite the regulatory headwinds, Benchmark remains optimistic about Live Nation's long-term prospects. The Buy rating indicates a belief that the company's stock will outperform the market, even with the delayed timeline for reaching the $190 price target. The regulatory scrutiny and the subsequent delay highlight the complexities facing Live Nation in the current environment.
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