UPDATE: Miller Tabak Increases Live Nation Entertainment's ST Target, Keeps LT Target the Same

In a research report published by Miller Tabak + Co., it increases Live Nation Entertainment's (NYSE: LYV) ST Target from $11 to $12, yet kept the LT Target at $18.

Miller Tabak explained in the report, “We are adjusting our Live Nation Entertainment (LYV-$10.16-Buy-ST Target $12, LT $18) estimates to right-size our Concerts events and attendance for guidance on the tough comps (no U2 tour comparable, for example), and to add in more corporate expenses for the various expansion initiatives, including opening a South Korea office.”

Miller Tabak + Co. maintains its Buy rating on Live Nation Entertainment, which closed yesterday at $10.16.