Warner Music Group (WMG) Stock: $31 Price Target From Citi

By Amit Chowdhry ● May 17, 2022
  • The shares of Warner Music Group (NASDAQ: WMG) have received a $31 price target from Citi. These are the details.

The shares of Warner Music Group (NASDAQ: WMG) have received a $31 price target from Citi. And Citi analyst Jason Bazinet is maintaining a “Neutral” rating on the shares.

Bazinet adjusted the rating following WMG’s second-quarter results. Earlier this month, Warner Music Group reported a Q2 EPS of $0.18, which was $0.04 lower than the analyst estimate of $0.22. And the revenue for the quarter was $1.38 billion, which was in-line with the consensus estimate of $1.38 billion.

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