Ubisoft: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded Ubisoft shares from 'sell' to 'neutral', despite lowering its target price from E16 to E14.
5, which is close to its last closing price, reflecting recent speculation about potential interests in the company.

UBS says "Reports of a potential bid from Tencent and the Guillemot family have created a special situation. However, we remain cautious on fundamentals and set a Neutral rating" (on the video games group's stock).


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