UBS confirms its buy recommendation on the stock and leaves its price target unchanged at 111 E, which represents a potential upside of 10%.

' Management expects the top end of the +4-5% range for fiscal 2024 to be achieved (UBSe estimate of +5%) assuming an acceleration in digital transformation and fewer cuts in traditional advertising ' says the analyst firm.

' First-quarter 2024 organic growth far exceeded analysts' expectations, up +5.3%, and came close to UBSe's forecast of +5.5% ' says UBS.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.