Universal Music Group Looks Well-Placed for Growth
Dow Jones
Aug 17
0738 GMT - Universal Music Group continues to benefit from higher minimum per-subscriber payments, Citi analysts write in a note. The world's largest music company shows sustainable growth driven by increases in minimum per-subscriber payments from online music streaming platforms, they say. The group also has growth potential related to AI-generated playlists, given the potential launch of this service by Spotify in the second half of the year or early 2027, they add. The U.S. bank resumes its coverage with a buy rating and a target price of 20 euros on the stock. Shares are up 0.9% at 15.08 euros.
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