Vivendi: upbeat following an analyst's upgrade.
(CercleFinance.com) - The Vivendi stock is up 1.
7% today, the leader in the CAC40, boosted by Credit Suisse, which has upgraded its rating on the stock of the entertainment group directly from "underperform" to "outperform".
The brokers' analysts have also raised their target price for Vivendi from 17.5 euros to 23.4 euros, in addition to their EPS estimates, which they have increased by 9% for 2019, hence exceeding the consensus by 21%.
The broker justifies its rating upgrade on the stock by the fact that "the market is underestimating the growth potential from emerging markets" for Universal Music Group, while "Our survey suggests a more positive outlook for Canal+."
Copyright (c) 2017 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.
7% today, the leader in the CAC40, boosted by Credit Suisse, which has upgraded its rating on the stock of the entertainment group directly from "underperform" to "outperform".
The brokers' analysts have also raised their target price for Vivendi from 17.5 euros to 23.4 euros, in addition to their EPS estimates, which they have increased by 9% for 2019, hence exceeding the consensus by 21%.
The broker justifies its rating upgrade on the stock by the fact that "the market is underestimating the growth potential from emerging markets" for Universal Music Group, while "Our survey suggests a more positive outlook for Canal+."
Copyright (c) 2017 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.