Barclays announced on Tuesday that it had upgraded its recommendation on TF1 shares from 'underweight' to 'weight in line', with a price target raised from 6.5 to eight euros.

In a study devoted to European media, the broker points out that the French television group's shares stand out for their bullish profile, ranking third in the sector.

While the stock's downside potential is estimated at 24%, its upside potential stands at 77%, according to its analysts' calculations.

'TF1 still faces a number of question marks (structural problems in its core business, the new CEO's strategy, macroeconomic risks), they stress, but its recent underperformance versus M6 already incorporates some of these questions'.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.