NasdaqGS:WMGEntertainment
Warner Music Group (WMG): Revisiting Valuation After Morgan Stanley Upgrade and Insider Buying Boost
Morgan Stanley’s move to upgrade Warner Music Group (WMG) to overweight, paired with executives buying more shares, has put the stock back on traders’ screens as they reassess its recent pullback.
See our latest analysis for Warner Music Group.
The upgrade and insider buying come after a choppy spell, with the share price at $29.93 and a 90 day share price return of minus 10.15 percent contrasting with a milder 1 year total shareholder return of minus 1.34 percent. This suggests recent...