Atlantic Equities Downgrades Warner Music Over ‘Rapid Development of AI-Created Music’

Atlantic Equities analyst Hamilton Faber has downgraded Warner Music Group (WMG) to Neutral. The stock’s price target was also lowered from $39 to $26 per share.  Faber explains that the downgrade comes on the back of slower than expected growth and the rapid development of AI-created music impacting the industry as a whole. “Over the […]

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Written by Digital Music News