Evercore Analyst Downgrades Spotify, Calls Profit Margin Growth ‘A Pipe Dream’

On the heels of Bernstein’s Todd Juenger giving Spotify an underperform rating, an analyst from Evercore has downgraded the stock to underperform as well. Benjamin Black gave the stock the rating after previously assigning it a neutral rating, or what the company terms “in-line.” Interestingly, Black has not lowered his price target of the stock […]

The post Evercore Analyst Downgrades Spotify, Calls Profit Margin Growth ‘A Pipe Dream’ appeared first on Digital Music News.

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