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Live Nation Shares Fall 2% After Record Earnings, YG Stock Jumps on BLACKPINK Tour Announcement
Live Nation stock fell while YG Entertainment shares were up on the company's BLACKPINK tour announcement. See this week's music stocks news here.
A bevy of analysts upped their Live Nation price targets following the company’s earnings release on Thursday (Feb. 20), including Evercore ISI (to $180 from $160), JP Morgan (to $170 from $150), Jefferies (to $180 from $150) and Rosenblatt (to $174 from $146). Summing up the market’s tenuous mood, Steve Cohen, CEO of hedge fund Point72, told the FII Priority Summit on Friday that tariffs, sharp cuts in government spending and slowing immigration will have negative consequences. YG Entertainment rose 12.0% to 57,900 ($40.30) following the announcement on Wednesday (Feb. 19) of BLACKPINK ’s 10-city 2025 world tour that commences in July and stops in Seoul, Los Angeles, Chicago, New York, Toronto, Paris, London, Milan, Barcelona and Tokyo.
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