Bullish On Live Nation

Investment bank Morgan Joseph has initiated a Buy for Live Nation stock, and predicts a target price of $25 per share by the end of 2007.

LYV stock is currently trading at about $20.

Morgan Joseph cited Live Nation’s contract with Ticketmaster, and its opportunity to renegotiate its contract with Aramark by the end of next year as two reasons for the Buy signal.

The presumption is that LN will either take those operations in-house or renegotiate more favorable terms for its ticketing and F&B operations.