Warner Music Group (NYSE:WMG) Coverage Initiated at Citigroup

Equities researchers at Citigroup assumed coverage on shares of Warner Music Group (NYSE:WMG) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $33.00 price target on the stock. Citigroup‘s price objective would indicate a potential upside of 5.00% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Evercore ISI initiated coverage on Warner Music Group in a report on Monday. They set an “outperform” rating and a $36.00 price target on the stock. Morgan Stanley initiated coverage on Warner Music Group in a report on Monday. They set an “equal weight” rating and a $32.00 price target on the stock. Barclays began coverage on Warner Music Group in a report on Monday. They set an “equal weight” rating and a $28.00 price target on the stock. Credit Suisse Group began coverage on Warner Music Group in a research report on Monday. They set an “outperform” rating and a $37.00 price objective for the company. Finally, Atlantic Securities began coverage on Warner Music Group in a research report on Wednesday, June 3rd. They set a “neutral” rating and a $23.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Warner Music Group presently has an average rating of “Hold” and a consensus target price of $33.64.

Shares of WMG stock opened at $31.43 on Monday. Warner Music Group has a fifty-two week low of $26.99 and a fifty-two week high of $34.76.

Warner Music Group Company Profile

There is no company description available for Warner Music Group Corp.

Recommended Story: Current Ratio

Analyst Recommendations for Warner Music Group (NYSE:WMG)

Receive News & Ratings for Warner Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Music Group and related companies with MarketBeat.com's FREE daily email newsletter.