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Jefferies Analyst Reiterates Buy Rating on Warner Music Group, WMG


Andrew Uerkwitz
analyst at Jefferies reiterates coverage on Warner Music Group (WMG) in the Services sector with a Buy rating. TipRanks.com has Uerkwitz rated as a 4.9 star analyst with a 63% return on investment and a 27.4% success rate. Uerkwitz has set a price target of $50.

TipRanks.com reports that Warner Music Group currently has 13 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $49.45. The target pricing ranges from a high forecast of $53.00 down to a low forecast of $42.00. Warner Music Group (WMG)’s last closing price was $41.39 which would put the average price target at 19.47% upside.

In addition, TradingView issued a Sell rating for WMG over the next month, Barchart.com has a Weak buy rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on WMG.

Other analysts covering WMG include:
  • Ivan Feinseth of Tigress Financial issued a Buy rating with the price target of $52 on 1 week ago
  • Kutgun Maral of RBC Capital issued a Buy rating with the price target of $52 on 1 month ago
  • Meghan Durkin of Credit Suisse issued a Buy rating with the price target of $50 on 1 month ago
If you are interest in stocks like WMG or stocks in the Communication Services sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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