(Photo credits: Flickr – L. Grassin )
(CercleFinance.com) – Vivendi’s share price gains more than 19% in Paris, while this morning Oddo kept its neutral rating on the stock, while raising its target price from 25 to 28 euros.
Vivendi announced this Saturday the distribution of 60% of UMG’s share capital to its shareholders and its listing in the Netherlands, Oddo reported this morning.
For the analyst firm, this ‘naturally positive’ operation is part of a broader context of simplification of the Bolloré, Vivendi and therefore UMG structures. The next step could be a further simplification between Bolloré and Vivendi, » the broker said.