Barclays upgraded Prosus to Overweight from Equal Weight with an EUR 86.80 price target. The analyst cites Tenent’s improving fundamental trends and the firm’s upgrade this morning of Tenent for the rating boost. The stake in Tencent still represents 77% of the Naspers net asset value, the analyst tells investors in a research note.
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Read More on PROSY:
- Prosus price target lowered to EUR 83.80 from EUR 86.80 at Barclays
- Prosus price target raised to EUR 97 from EUR 95 at Morgan Stanley
- Prosus price target raised to EUR 95 from EUR 90 at Deutsche Bank
- Prosus price target lowered to EUR 90 from EUR 95 at Citi
- Prosus price target raised to EUR 110 from EUR 106 at Credit Suisse
