Mediaset gains more than 3% on the Stock Exchange after JP Morgan raised its target price from 4,3 to 5,9 euros, confirming the overweight recommendation – Improvements in advertising revenues are expected over the next three years.
Mediaset runs on the Stock Exchange (+3,89% to 4,2 euros) and is positioned at the top of the Ftse Mib with JP Morgan which raised the target price from 4,3 to 5,9 euros, confirming the overweight recommendation.
The analysts' note mentions improved prospects for advertising sales in Italy over the next three years, better-than-expected cost containment and potential hidden value in the group's Italian pay TV.
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