Morgan Stanley $MS reveals its 8 favorite stocks ahead of Europe’s earnings season #CNBC.
Stocks in the region have risen this year on the first signs of moderating inflation across Europe. Nonetheless, the impact of sluggish growth and the war in Ukraine remains key concerns for investors.
UMG reported 13.3% organic growth and beat expectations last quarter. The company also named former CEO of Paramount Pictures Sherry Lansing as chair earlier this year.
“We expect the stock to rally into earnings, due in early March. We think consensus forecasts for Subscription & Streaming revenue growth and margins in 2023 are too low and believe FY’22 earnings will be a catalyst for a reassessment of both metrics by investors.”