Warner Music upgraded to "neutral"

03/17/08 - Pali Research

NEW YORK, March 16 (newratings.com) - Analysts at Pali Research upgrade Warner Music Group (WMG) from "sell" to "neutral."

In a research note published on March 14, the analysts mention that the company’s share price has declined by more than 50% since November 1, 2007. Although the fundamentals in the music industry are weakening, Warner Music’s market share gains might restrict the downside risk to the company’s share price in the near term, the analysts say.