Ubisoft: Morgan Stanley still says 'Overweight'
(CercleFinance.com) - Morgan Stanley reinstates its "overweight" rating on the Ubisoft share, along with its target price of 80 euros, saying that, for the French video game publisher, "The new release date for Cyberpunk should not impact UBI's slate".
"Q3 sales should be a positive catalyst; and the equity market is valuing the FCF from new releases at ~E10 per share, which continues to look far too low," it adds.
Copyright (c) 2020 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.