JPMorgan Bumps Up Live Nation Entertainment Price Target By 18%

JPMorgan analyst David Karnovsky raised the price target on Live Nation Entertainment Inc LYV to $109 from $92, implying a 5% upside, and reiterated an Overweight ahead of the company's Q3 results.
Channel checks continue to indicate a "robust" industry pipeline for the next two years, in addition to onsite spending levels running ahead of 2019, Karnovsky notes.
Live Nation is a live entertainment firm with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms.
Price Action: LYV shares traded higher by 2.43% at $103.61 on the last check Monday.

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