UBS Downgrades Universal Music Stock Rating to Neutral, Says Shares Have Already Priced in Anticipated Growth

UBS has officially downgraded its Universal Music Group stock rating from buy to neutral – albeit while reiterating a per-share target of €30 (currently $35). The Zurich-headquartered bank just recently disclosed its updated Universal Music Group stock (UMG on the Euronext Amsterdam) forecast. As summed up by multiple financial publications, UBS believes the major label […]