Several equities research analysts have issued reports on the company. Guggenheim dropped their target price on Warner Music Group from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Morgan Stanley dropped their target price on Warner Music Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on Warner Music Group from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. The Goldman Sachs Group increased their target price on Warner Music Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Finally, Citigroup restated a "buy" rating and set a $34.00 target price (down previously from $35.00) on shares of Warner Music Group in a research report on Thursday, May 29th.