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HSBC Downgrades Universal Music Group to Reduce, Cuts PT

MT Newswires·08/13/2026 08:29:00
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08:29 AM EDT, 08/13/2026 (MT Newswires) -- HSBC on Thursday downgraded music publisher Universal Music Group (UMG.AS) to reduce from hold and decreased the price target to 12.10 euros from 18.50 euros. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)