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Universal Music Group (UMGNF) Receives a Buy from Jefferies

Jefferies analyst Andrew Uerkwitz maintained a Buy rating on Universal Music Group (UMGNFResearch Report) yesterday and set a price target of EUR30.00. The company’s shares closed last Wednesday at $22.30.

According to TipRanks.com, Uerkwitz is a top 100 analyst with an average return of 26.0% and a 59.9% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Netflix, and Roblox.

Universal Music Group has an analyst consensus of Moderate Buy, with a price target consensus of $29.67, a 33.0% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a EUR25.00 price target.

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Universal Music Group NV is a music entertainment company. It is engaged in three main operating businesses: recorded music; music publishing; and merchandising. The company’s recorded music business discovers and develops artists, supports the creation of audio and audiovisual content by artists, and markets, distributes, sells and licenses such content to consumers across a wide array of formats and platforms.

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