BofA upgrades Warner Music to 'neutral' on cost-cutting, JV initiatives

2 hours ago 1
Warner Music Group Hosts Annual GRAMMY Celebration - Inside

Imeh Akpanudosen/Getty Images Entertainment

Bank of America upgraded Warner Music Group (NASDAQ:WMG) to "neutral" from a previous investment rating of "underperform" on Wednesday.

Analysts led by Jessica Reif Ehrlich said the recent cost savings announcement, along with the commercial agreements signed with DSPs, will provide greater

Recommended For You

More Trending News

Read Entire Article