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

Investment analysts at Barclays started coverage on shares of Warner Music Group (NYSE:WMG) in a note issued to investors on Monday, Marketbeat.com reports. The firm set an “equal weight” rating and a $28.00 price target on the stock. Barclays‘s target price would suggest a potential downside of 10.91% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Guggenheim assumed coverage on Warner Music Group in a report on Monday. They set a “buy” rating and a $36.00 target price for the company. Sanford C. Bernstein assumed coverage on Warner Music Group in a research note on Tuesday, June 23rd. They issued a “market perform” rating and a $33.00 price objective for the company. Royal Bank of Canada assumed coverage on Warner Music Group in a research note on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. Goldman Sachs Group assumed coverage on Warner Music Group in a research note on Monday. They issued a “neutral” rating and a $33.00 price objective for the company. Finally, Macquarie initiated coverage on Warner Music Group in a research note on Monday. They issued a “neutral” rating and a $32.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.64.

Shares of NYSE:WMG opened at $31.43 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.

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Analyst Recommendations for Warner Music Group (NYSE:WMG)

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