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ProSiebenSat.1: UBS maintains buy rating, cuts target price

( - UBS reinstates its "buy" rating on ProSiebenSat.
1 shares, despite slashing its target price from 22 euros to 16 euros, with its new target price still leaving upside potential of 56% for the German media group's stock.

The broker says that it reduced its EPS estimates after the publication of the group's 2021 results: "While earnings risks persist, ProSieben is trading at a material discount to NAV".

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