UMG: UBS upgrades stock
(CercleFinance.com) - UBS has upgrade its rating on Universal Music Group (UMG) from "neutral" to "buy", sticking to its target price of 25 euros (upside potential of 9%) for the music publisher's stock.
The broker points out that the share price has fallen by 10% from its IPO price, although it still considers UMG to be a "core large cap holding for investors".
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.
The broker points out that the share price has fallen by 10% from its IPO price, although it still considers UMG to be a "core large cap holding for investors".
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.