NENT: Soars as MS ups citing Viaplay investment
04/12/2020 08:42
** Shares in Nordic Entertainment Group NENTb.ST (NENT)
jump more than 7% to SEK 477 after Morgan Stanley upgrades the
Swedish media group to "overweight" from "equal-weight" citing
the planned investment in Viaplay urn:newsml:reuters.com:*:nL8N2HW1FW
** The brokerage says the company's Viaplay investment
"looks well-placed" to tap growing demand for streaming video at
a still-early stage of growth for the European market
** MS raises its TP by 161% to SEK 600
** Among the eight analysts that cover Nordic Entertainment
Group, the breakdown of recommendations is six for "strong buy"
or "buy," and two for "hold"
** Including today's gain, the stock is up about 57% YTD
((marta.frackowiak@thomsonreuters.com))