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RTL Group: boosted by broker upgrade

( - Going against the bearish trend in Brussels, RTL Group shares are up over 1%, boosted by UBS upgrading its rating on the stock from "neutral" to "buy", having increased its target price for the audiovisual media group's stock from 41 euros to 64 euros.

"We upgrade RTL to Buy and see RTL offering a unique blend of income (10% yield), attractive valuation and earnings momentum with clear upside catalysts," analysts summarise.

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