Barclays analyst Julien Roch raised the firm’s price target on Universal Music Group (UMGNF) to EUR 28 from EUR 26 and keeps an Equal Weight rating on the shares. The company’s Q4 results were well above expectations, but its growth should slow in 2025 before reaccelerating in 2026, the analyst tells investors in a research note. The firm remains constructive on Universal’s delivery and the industry but struggles with the stock’s valuation.
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