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Ubisoft: Morgan Stanley still says 'Overweight'

(CercleFinance.com) - Morgan Stanley reinstates its "overweight" rating on the Ubisoft share, along with its target price of 80 euros, saying that, for the French video game publisher, "The new release date for Cyberpunk should not impact UBI's slate".

"Q3 sales should be a positive catalyst; and the equity market is valuing the FCF from new releases at ~E10 per share, which continues to look far too low," it adds.

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