Reservoir Media price target raised to $12.50 from $11.50 at B. Riley
The Fly

Reservoir Media price target raised to $12.50 from $11.50 at B. Riley

B. Riley raised the firm’s price target on Reservoir Media (RSVR) to $12.50 from $11.50 and keeps a Buy rating on the shares following the fiscal Q2 beat. The firm says music royalties continue to drive robust cash flow for the company. Continued operational execution by management stands to close the stock’s valuation gap as ongoing secular industry tailwinds propel overall music monetization higher, the analyst tells investors in a research note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App