New Ticketmaster settlement may be good news for Wall Street, but bad news for concertgoers

Shares of Live Nation (Ticketmaster parent) rallied toward their largest one-day gain in nearly a year after analysts said a settlement is unlikely to help competitors gain traction. Analysts' assessment appears to have reduced competition concerns and acted as a company-specific catalyst supporting the stock's rally.

Analysis

Shares of Live Nation (Ticketmaster parent) rallied toward their largest one-day gain in nearly a year after analysts said a settlement is unlikely to help competitors gain traction. Analysts' assessment appears to have reduced competition concerns and acted as a company-specific catalyst supporting the stock's rally.