Mediaset: UBS downgrades to 'neutral'

(CercleFinance.com) - UBS has downgraded its rating on the share of Italian TV broadcaster Mediaset from "buy" to "neutral," while maintaining its corresponding target price at 3 euros.


"We believe upside and downside risks are fairly balanced while TV advertising momentum, key for a re-rating, remains weak," the broker said in a note to clients.

UBS also believes that the group's ad-tech opportunity could "take long."

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