NEW YORK (dpa-AFX Broker) - US bank JPMorgan has lowered its price target for ProSiebenSat.1 from 10.00 to 9.20 euros and left its rating at "Neutral". Europe's television groups have made some progress despite the macroeconomic headwinds, analyst Daniel Kerven wrote in an industry report published on Tuesday. For ProsSieben.Sat1, he predicts growth in the low to mid single-digit percentage range for the first half of 2024 due to relatively low prior-year figures. In view of the more difficult year-on-year comparison in the second half of the year, however, more overall economic momentum, stronger investor confidence and better business development of the media group are necessary for a sustainable recovery./tav/edh

Publication of the original study: 12.02.2024 / 19:30 / GMT

First dissemination of the original study: 13.02.2024 / 00:15 / GMT

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