0750 GMT - MFE-MediaForEurope's strategy has allowed the group to outperform its peers over the past two years in Italy, Deutsche Bank analyst Nizla Naizer writes in a note. "MFE has one of the better-articulated strategies of combining multiple digital media with traditional TV advertising to present a compelling offering to its Italian clients," Naizer says. Additionally, the Netherlands-based media broadcasting group's Spanish subsidiary has improved group profitability, cash flow and financial strength, the analyst adds. The German bank reinstates MFE stock coverage with hold and a target price at 4.50 euros. Shares are down 2.4% at 4.18 euros. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 03:50 ET (07:50 GMT)
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