J.P. Morgan upgrades ProSiebenSat.1, raises target price on hopes for industry consolidation

J.P. Morgan has upgraded ProSiebenSat.1, citing potential consolidation in the industry. The investment bank also raised its target price for the German media company, leading to a surge in its stock price. This move comes as ProSiebenSat.1 looks to capitalize on opportunities in the rapidly changing media landscape.

Read more at Investing.com: J.P. Morgan upgrades ProSiebenSat.1, lifts target on consolidation hopes