UPDATE: Albert Fried Raises PT on Live Nation Entertainment Due to Launch of New Music Services

In a report published on Friday analysts at Albert Fried raised it PT on Live Nation Entertainment LYV from $14 to $18 and maintained its Overweight rating on the company. In the report lead analyst Rich Tullo commented that, "We think the launch of new music services could be a catalyst for artists to go on tour. Spotify, GOOGLE, Pandora, iHeart, and now Apple are operating music services. We expects Artists to capitalize on the Streaming wars. Artists now have multiple opportunities to monetize their content and we think LYV is the central middleman in the artists last window of monetization." Live Nation Entertainment closed on Thursday at $15.56