ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has downgraded RTL Group from "Buy" to "Neutral" and lowered its price target from 50 to 38 euros. In a sector study published on Monday, analyst Adam Berlin is optimistic about the European media sector, but is cautious about TV broadcasters within the sector. These are under the greatest structural pressure. Meanwhile, advertising agency stocks should continue to recover. He also describes Relx, Wolters Kluwer and UMG as quality names. His "top picks" are Relx, Publicis and UMG./mis/ajx

Publication of the original study: 19.01.2024 / 19:30 / GMT

First dissemination of the original study: 22.01.2024 / / GMT

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