SunTrust Banks Initiates Coverage on Warner Music Group (NYSE:WMG)

Analysts at SunTrust Banks initiated coverage on shares of Warner Music Group (NYSE:WMG) in a note issued to investors on Monday, Marketbeat reports. The firm set a “buy” rating and a $35.00 price target on the stock. SunTrust Banks’ target price would suggest a potential upside of 11.36% from the stock’s previous close.

Several other analysts have also recently commented on WMG. Goldman Sachs Group assumed coverage on Warner Music Group in a research report on Monday. They issued a “neutral” rating and a $33.00 target price on the stock. Credit Suisse Group assumed coverage on Warner Music Group in a research report on Monday. They issued an “outperform” rating and a $37.00 target price on the stock. Sanford C. Bernstein started coverage on Warner Music Group in a research report on Tuesday, June 23rd. They issued a “market perform” rating and a $33.00 target price on the stock. Barclays started coverage on Warner Music Group in a research report on Monday. They set an “equal weight” rating and a $28.00 price target on the stock. Finally, Royal Bank of Canada started coverage on Warner Music Group in a research report on Monday. They set an “outperform” rating and a $40.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.64.

WMG opened at $31.43 on Monday. Warner Music Group has a 12 month low of $26.99 and a 12 month 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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