LOS ANGELES (CelebrityAccess MediaWire) — The market's outlook on Live Nation just perked up after a Goldman Sachs analyst placed a "buy" recommendation on the promoter's public stock.
According to a report in the Los Angeles Business Journal, Analyst Mark Wienkes smiled beneficently on the promoter's plans to start selling event tickets and enhancing their offerings to concert-goers. Announcements late last year that the company would be moving into a wider range of interaction with artists, starting with a $100 million dollar "360" deal with Madonna, appeared to make investors edgy and the promoter's stock had dropped by almost 60% in late January.
Things are looking up though and as of press time, LN stock has shown an 11% increase since the beginning of the week. – CelebrityAccess Staff Writers