Warner Music Group (NYSE:WMG) Coverage Initiated at Royal Bank of Canada

Investment analysts at Royal Bank of Canada initiated coverage on shares of Warner Music Group (NYSE:WMG) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $40.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.27% from the company’s previous close.

Several other research firms also recently commented on WMG. Goldman Sachs Group initiated 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. Credit Suisse Group initiated coverage on Warner Music Group in a research note on Monday. They issued an “outperform” rating and a $37.00 price objective for the company. Atlantic Securities initiated coverage on Warner Music Group in a research note on Wednesday, June 3rd. They issued a “neutral” rating and a $23.00 target price for the company. Sanford C. Bernstein initiated coverage on Warner Music Group in a research note on Tuesday, June 23rd. They issued a “market perform” rating and a $33.00 target price for the company. Finally, Guggenheim initiated coverage on Warner Music Group in a research note on Monday. They issued a “buy” rating and a $36.00 target price for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Warner Music Group currently has an average rating of “Hold” and a consensus target price of $33.64.

NYSE WMG opened at $31.43 on Monday. Warner Music Group has a one year low of $26.99 and a one year high of $34.76.

Warner Music Group Company Profile

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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