Vivendi: UBS still a buyer; adjusts target price
(CercleFinance.com) - UBS has confirmed its "buy" rating sur Vivendi, while trimming its target price for the share from 25.
5 euros to 25 euros, meaning upside potential of 11% for the parent company of Universal Music Group and Canal+ amongst other media groups.
The broker says, “Our BUY is supported by 3 potential catalysts: 1) a premium UMG bid, 2) a sizeable buyback; and, 3) a lower NAV discount subject to a better M&A track record.”
Copyright (c) 2018 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.