Vivendi: UBS maintains buy rating after trading update
(CercleFinance.com) - UBS has reinstated its "buy" rating on the stock of the French media and entertainment giant Vivendi, along with its target price of 25 euros, which suggests upside potential of 19%.
“UMG (+13.5%) driven by streaming (+39%) and +2.5% organic growth at Havas (ex-Arnold) resulted in Q318 results beating UBSe,” the broker points out, upping its 2018-20 EPS estimates by 1%-3%.
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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.
“UMG (+13.5%) driven by streaming (+39%) and +2.5% organic growth at Havas (ex-Arnold) resulted in Q318 results beating UBSe,” the broker points out, upping its 2018-20 EPS estimates by 1%-3%.
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.