Deals with emerging music platforms and a move toward newer streaming payment models are set to boost Warner Music Group , according to UBS.
Warner Music Group stock is down 11% year to date, providing an attractive entry point for investors, Levi wrote.
Additionally, the analyst believes Warner Music Group stands to benefit as the music industry moves toward new deals designed to better reward artists.
Simultaneously, these updated music streaming payment models should reduce fraudulent nonmusic streams.
Despite the stock's year-to-date losses, Warner Music is up 19% over the past three months.
Persons:
Levi, Bryan Castellani, — CNBC's Michael Bloom
Organizations:
Warner Music Group, UBS, Warner Music