Vivendi: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse confirms its buy rating on the share, while increasing its corresponding target price from 30.
3 euros to 31.9 euros (current price about 28 euros, +1%).
"This reflects a 3% rise in our UMG EBITA for 2021 (5% increase for 2022) and the plan to spin off 60% of UMG to Vivendi shareholders," the broker says.
"This reflects a 3% rise in our UMG EBITA for 2021 (5% increase for 2022) and the plan to spin off 60% of UMG to Vivendi shareholders".
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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.
3 euros to 31.9 euros (current price about 28 euros, +1%).
"This reflects a 3% rise in our UMG EBITA for 2021 (5% increase for 2022) and the plan to spin off 60% of UMG to Vivendi shareholders," the broker says.
"This reflects a 3% rise in our UMG EBITA for 2021 (5% increase for 2022) and the plan to spin off 60% of UMG to Vivendi shareholders".
Copyright (c) 2021 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.