According to Digital Music News, "Top analysts continue to be cool on Warner Music Group, with a new set of opinions driving the stock down further. Goldman Sachs led the negativity, rating the stock "in-line/neutral" despite being one of the lead underwriters in the recent IPO.., Merrill Lynch...took the pessimism a step further, rating the stock a "sell" ...Wall Street drove the stock downward..."
"The recent opinions largely fall in line with previous sentiments from investors, with Warner Music suffering a rather lackluster IPO in May. Soon thereafter, the company released a mediocre quarterly earnings report, though digital revenues are steadily increasing..."
