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RTL Group: BarCap maintains 'equal weight' after results

(CercleFinance.com) - Barclays Capital maintains an "equal weight" rating on RTL Group's shares with an unchanged target price of 72 euros after the European broadcaster posted 2017 results "slightly below expectations" and unveiled a "conservative" outlook for 2018.

"The lack of growth in 2018 comes from investments in digital, a sensible strategy," the broker says, leading to a 1-2% cut in its estimates.

While acknowledging that RTL has its own "attractions" (dividend yield, market share gain in Germany,...), BarCap does not think that this will translate into much growth for another year.

"2018 should therefore be the sixth year of little growth," the broker says in a report sent to clients.

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