Universal Music Group (UMG) advances nearly 2% in Amsterdam with the support of positive comments from Jefferies, who begins coverage with a ‘buy’ recommendation and a price target of 30 euros, on the title of the music publishing group .
“We expect digital streaming and new emerging platforms to generate robust growth in the short to medium term,” said the broker, which posts forecasts of 5% / 10% above consensus for 2022/23.
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