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

Digital Music News Colin Cohen

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 […]

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Colin Cohen