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ProSiebenSat.1 Media upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded ProSiebenSat.1 Media to Overweight from Equal Weight with a price target of EUR 8, up from EUR 6.50. The firm’s analysis points to more upside for cyclicals and value names than for growth and quality names in European media. Consequently, the analyst’s preferred names are weighted to the cyclicals/value names.

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