Mediaset: stock rises on broker upgrade
(CercleFinance.com) - The Mediaset share is up 5% in Milan, boosted by Barclays comments, which has upgraded its rating from "underweight" to "equal weight," having raised its corresponding target price get raised from 1.
55 euro to 1.80 euro, while saying that the "Valuation prevents us from turning more positive".
The broker points out that "advertising has recovered faster than expected", and that "while the merger with MS Espana has been abandoned, the company is still very keen on some form of consolidation, which should generate synergies".
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