RTL Group: Credit Suisse cuts target price.
(CercleFinance.com) - While maintaining an "underperform" rating on RTL Group, Credit Suisse has cut its estimates and its target price for the share from 68.
4 euros to 60.7 euros after the group's first-half results.
In a research note, the broker cites "challenges ahead in advertising growth."
"As RTL predicted at the start of the year 2017 is proving to be a tough year for advertising in its end markets," Credit Suisse analysts write.
The broker says visibility is "still low."
"Growth in France is expected to be muted but positive while the Netherlands and Belgium are expected to continue to be tough due to competition challenges."
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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.
4 euros to 60.7 euros after the group's first-half results.
In a research note, the broker cites "challenges ahead in advertising growth."
"As RTL predicted at the start of the year 2017 is proving to be a tough year for advertising in its end markets," Credit Suisse analysts write.
The broker says visibility is "still low."
"Growth in France is expected to be muted but positive while the Netherlands and Belgium are expected to continue to be tough due to competition challenges."
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.