Vivendi: Morgan Stanley still says 'Overweight'

(CercleFinance.com) - Morgan Stanley reiterates its "overweight" rating on the Vivendi stock, along with its target price of 31 euros, after the group's announcement of plans to float Universal Music Group, in addition to stepping up its share buybacks.


"Q4 operating results were mixed, and questions about future strategy remain, but we expect the shares to continue to outperform," the broker says in its comments.


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