Schibsted Climbs as Goldman Sees Classifieds Growth: Oslo Mover
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Schibsted ASA rose to a record in Oslo after a Goldman Sachs Group Inc. analyst advised investors to buy shares in Norway’s biggest media company as it shifts toward online classifieds from traditional print.
The stock gained as much as 4.4 percent, the most since July 19, and traded 4.3 percent higher at 330 kroner as of 10:43 a.m. in the Norwegian capital. That made Schibsted the biggest gainer on the 26-member Stoxx Europe 600 Media Index.