UMG: “Time to face the music”
Universal Music Group (UMG) has suffered a double downgrade from investment bank Exane/BNPP. The bank’s new rating is ‘Underperform’ (from ‘Outperform’) and comes with a target share price that reduced by 24 per cent. “Following an LA field trip and underpinned by new data products, we see reasons for caution. We expect top-line growth to […]















