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Lagardere: Liberum still a buyer after rumours

(CercleFinance.com) - Liberum has reiterated its "buy" recommendation on the Lagardere stock, along with its target price of 30 euros, after renewed rumours that the media group is in talks with Mondadori and Marie Claire to merge their press assets.

Lagardère's management of has actively restructured its asset portfolio, and its Active division (which includes press) has been at the forefront since the early 2000s, the broker says, which therefore considers such an agreement as plausible.

The death of Marie Claire's majority shareholder in July 2017 could be the catalyst for such a concentration, which previously appeared in a number of forms in the press, Liberum continues.

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