Vivendi: UBS still a buyer; adjusts target price
(CercleFinance.com) - UBS reaffirms its "buy" recommendation on the Vivendi stock, having nudged up its target price for the share from 25 euros to 25.
5 euros, which suggets upside potential of 12% for the share of the communication and entertainment group.
In its research report, the broker points out solid 2018 annual results, with Universal Music Group, beating expectations in terms of revenue and margins. "Q418 UMG organic growth was +12% driven by streaming +42%," the broker points out.
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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.
5 euros, which suggets upside potential of 12% for the share of the communication and entertainment group.
In its research report, the broker points out solid 2018 annual results, with Universal Music Group, beating expectations in terms of revenue and margins. "Q418 UMG organic growth was +12% driven by streaming +42%," the broker points out.
Copyright (c) 2019 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.