Live Nation price target lowered to $172 from $180 at JPMorgan

Group 1 - JPMorgan has lowered the price target on Live Nation (LYV) to $172 from $180 while maintaining an Overweight rating on the shares following the fiscal Q2 report [1] - The firm believes that the impact from secondary ticketing changes is less than what was previously priced into the shares [1] - Live Nation's demand indicators remain strong, with continued growth in onsite spending and event deferred revenue up 37% [1]