Mediaset: stock rises on broker upgrade
(CercleFinance.com) - The Mediaset share is up 5% in Milan, boosted by Barclays comments, which has upgraded its rating from "underweight" to "equal weight," having raised its corresponding target price get raised from 1.
55 euro to 1.80 euro, while saying that the "Valuation prevents us from turning more positive".
The broker points out that "advertising has recovered faster than expected", and that "while the merger with MS Espana has been abandoned, the company is still very keen on some form of consolidation, which should generate synergies".
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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.
55 euro to 1.80 euro, while saying that the "Valuation prevents us from turning more positive".
The broker points out that "advertising has recovered faster than expected", and that "while the merger with MS Espana has been abandoned, the company is still very keen on some form of consolidation, which should generate synergies".
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.