Universal Music Group stock rose on its Spotify deal and the Amazon Music price hike announced this week. Shares gained 11.2% to 26.94 euros ($27.91).
JPMorgan analyst Daniel Kerven increased the price target for Universal Music Group NV (AS:UMG:NA) (OTC: UMGNF) to EUR42.00, up from EUR36.00, while keeping an Overweight rating on the shares.
JPMorgan analyst Daniel Kerven raised the firm’s price target on Universal Music Group (UMGNF) to EUR 42 from EUR 36 and keeps an Overweight ...
Spotify, Warner Music Group sign new multi-year distribution deal Universal Music Group (UMG) , the world's biggest music label, and Swedish streaming giant Spotify have reached a new multi-year ...