Gains by some live entertainment stocks and solid performances by multi-sector companies were overshadowed this week by German concert promoter CTS Eventim’s double-digit decline and a more modest single-digit drop from Spotify.

CTS Eventim shares fell 16.6% to 81.20 euros ($95.18) this week following Thursday’s mid-year results that showed a sharp decrease in adjusted EBITDA despite the concert promoter achieving record revenue. Numerous analysts reacted by decreasing their price targets. The most drastic revision came from Oddo BHF, which reduced its price target to 86 euros ($100.81) from 117 euros ($137.15) and downgraded its rating to “neutral” from “outperform.”

In addition, Bernstein lowered its CTS Eventim price target to 100 euros ($117.22) from 104 euros ($121.91) and maintaine

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