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".


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