Citi starts CTS Eventim on 'neutral' on limited near-term upside

By Reuters News

** Citi initiates coverage of CTS Eventim EVDG.DE with a "neutral" rating and a PT of €67.5 ($75.72), saying the stock offers limited upside despite favourable long-term growth trends

** The broker says the German ticketing group is well placed to benefit from long-term growth in live events, and AI is unlikely to significantly disrupt the sector

** Its Capital Markets Day on Nov 20 could provide greater clarity on strategy and medium-term targets, Citi says, as uncertainty increased following the recent departure of the CFO

** Shares in CTS Eventim are up around 3.5%, hitting their highest level since March

** Out of 18 analysts that cover CTS Eventim, 15 rate the stock "buy,"​ two rate it "hold" and one maintains a "sell" rating - LSEG data



($1 = 0.8914 euros)

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