Vivendi: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse reinstates its "outperform" rating on Vivendi shares, having increased its target price for them by 4% to 13.
7 euros, representing an upside potential of 21%, the day after its quarterly trading update, which was deemed solid.

The broker points out that Q3 revenues beat the consensus by 6.3% and its own expectations by 4.8%, with particular strength at Havas and Village, which beat expectations by 11% and 48% respectively.

For FY 2021, Credit Suisse has increased its estimates for the communications and entertainment group by 3% for revenue, 8% for EBITA and 6% for adjusted EPS (to 0.58 euro).


Copyright (c) 2021 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.