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ProSiebenSat.1 Media upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Daniel Kerven upgraded ProSiebenSat.1 Media (PBSFY) to Overweight from Neutral with a price target of EUR 11, up from EUR 7. The firm sees downside protection from MFE share buying, and upside from consolidation and an advertising recovery.

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