In a report released yesterday, Brian W Russo from Credit Suisse maintained a Buy rating on Warner Music Group (WMG), with a price target of $37.00. The company’s shares closed last Wednesday at $28.44.
According to TipRanks.com, Russo is ranked #4856 out of 6858 analysts.
Currently, the analyst consensus on Warner Music Group is a Moderate Buy with an average price target of $33.71.
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The company has a one-year high of $34.76 and a one-year low of $26.99. Currently, Warner Music Group has an average volume of 2.52M.
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With about $3.5 billion in revenue, Warner Music Group is one of the largest music companies in the world. More than 80% of Warner’s revenue comes from recorded music, while the remainder is generated from music publishing.
