Mediaset España: weighed on by an analyst's downgrade.
(CercleFinance.com) - The Mediaset España share is down 1.
5% in Madrid today, the sharpest faller in the Ibex35 index, suffering from a Credit Suisse report, which has downgraded its "outperform" rating on the stock to "neutral," while cutting its corresponding target price from 12.9 euros to 9.7 euros.
"Latest feedback from Spanish media buyers is significantly more bearish than in our previous survey in Q2," warns the analyst who monitors the Spanish television group.
While it continues to think that Mediaset España will benefit from the long-term recovery in the Spanish television advertising market, its analysts do not see enough positive catalysts in the near term to justify an "outperform" rating.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
5% in Madrid today, the sharpest faller in the Ibex35 index, suffering from a Credit Suisse report, which has downgraded its "outperform" rating on the stock to "neutral," while cutting its corresponding target price from 12.9 euros to 9.7 euros.
"Latest feedback from Spanish media buyers is significantly more bearish than in our previous survey in Q2," warns the analyst who monitors the Spanish television group.
While it continues to think that Mediaset España will benefit from the long-term recovery in the Spanish television advertising market, its analysts do not see enough positive catalysts in the near term to justify an "outperform" rating.
Copyright (c) 2017 CercleFinance.com. All rights reserved.