JCDecaux: Berenberg upgrades to 'buy'

(CercleFinance.com) - This morning, an analyst at Berenberg announced that he is upgrading his rating on the JCDecaux stock from "hold" to "buy," considering the "good impression" the company made, alongside its outlook.


"In the meantime, the trade press has reported that Google is interested in entering the digital outdoor advertising market in Germany, the US and the UK. The market has interpreted this as competition for JCDecaux: we see it as an opportunity rather than a threat," Berenberg says.

The analyst also confirms his target price of 32 euros.



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