JCDecaux: UBS trims target price

(CercleFinance.com) - While maintaining its 'neutral' rating on JCDecaux shares, UBS has trimmed its target price for them from E20.
2 to E19.8, leaving 12% upside potential for the French outdoor advertising group's shares.

"We continue to see a balanced risk-reward skew for JCDecaux into FY24 as the speed and shape of an earnings recovery remains uncertain", the broker confirms.


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