Universal Music Group’s capital markets day could boost share price By Investing.com

Investing.com – The Deutsche Bank (ETR:) has maintained its rating for Universal Music Group (AS:) with a price target of 32 euros at “Buy”. In her current commentary, analyst Silvia Cuneo referred to the company’s upcoming Capital Markets Day on September 17, 2024, which will take place in the legendary Abbey Road Studios. These studios, the first to be built specifically for sound recording, rose to worldwide fame when the Beatles recorded most of their songs here and named their last album after Abbey Road.

Cuneo expects that UMG will not only highlight the company’s historic milestones at the event, but also emphasize the music business’s resilience over a century of technological innovation. The company is also expected to explain its vision for the future of the industry and its medium-term goals. The analyst believes that the event will have a positive effect on investor sentiment and therefore confirms her buy rating.

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