JPMorgan downgraded ProSiebenSat.1 Media (PBSFY) to Neutral from Overweight with a price target of EUR 5.70, down from EUR 9.30. The firm sees risk that MFE withdraws its offer “amplified by leverage.”
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBSFY: