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# WALL STREET SPANKS WARNER MUSIC GROUP
- URL: https://www.hypebot.com/wall_street_spa/
- Published: 2005-06-23T04:39:00.000Z
- Updated: 2005-06-23T04:39:00.000Z
- Description: 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. Continue reading [https://www.hypebot.com/hypebot/2005/06/wall_street_spa.html]
- Author: Bruce Houghton
- Tags: Major Labels, Vinyl, Cassettes & Retail, #wp, #wp-post, #Import 2026-01-21 11:10

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…"