LiveNation (LYV) shares are feeling the heat today after projecting weak 2010 operating income -- $405M vs last year's $445M despite benefits of merger with
Ticketmaster -- and saying at investor day yesterday that ticket sales for its top 100 concert tours declined 9% in 1H. LYV also expects ticket sales to fall further in 2H. S&P Equity
cuts rating to hold from buy on gloomy outlook for ticketing demand. And Stifel lowers price target to $14 from $17 but maintains buy rating, saying concert business is at an inflection
point. LYV down 7.3% to $9.45 after an 11% slide yesterday.
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