: Ubisoft Entertainment shares slump on double-downgrade to sell by UBS
Ubisoft Entertainment shares FR:UBI slumped, making it the second-worst performer in the Stoxx Europe 600, following a double downgrade to sell from buy at UBS, which slashed its price target to €20 from €55. “FY24 guidance will require Ubisoft to successfully deliver the biggest front book revenue performance in its history despite expecting back catalogue to decline post a poor FY23 release slate and a soft consumer backdrop,” said the broker. Next-year’s lineup includes Assassins Creed Mirage... Читать дальше...