BUZZ-<a href="https://laohu8.com/S/WMG">Warner Music</a> Group gains after BofA upgrade** Shares of media company Warner Music Group WMG.O rise 3% to $30.37
** BofA upgrades WMG's rating to "neutral" from "underperform", raises PT to $33 from $28
** WMG's recent commercial agreements with demand-side platforms such as Spotify will provide greater visibility and predictability in the subscription streaming business - brokerage
** Coupled with the cost-savings announcement last week, there should be a clear path to healthier earnings growth, BofA says
** WMG said last week it plans to save $200 million by reducing headcount
** Barclays also raises WMG's PT to $30 from $28
** Up to last close, shares down ~5% YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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