Morgan Stanley analyst Cameron Mansson-Perrone raised the firm’s price target on Vivid Seats (SEAT) to $4.60 from $4.20 and keeps an Equal Weight rating on the shares. The firm’s recent survey work reinforces its bullish view on live entertainment, both music and sports, as the results indicate that consumer demand for live entertainment remains healthy, audiences are broadening, and forward spending intentions look strong. Heading into earnings across the group, the firm expects solid growth across the board, but see the best risk/reward in Overweight-rated Live Nation (LYV) shares, the analyst tells investors.
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