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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"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.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.