Stock in EMI Group continued to rise today (Feb. 6). The company's shares closed in London at 238p, up 2.92% over Thursday's close. At one point early today, the share price rose to 248.50p, its best

Stock in EMI Group continued to rise today (Feb. 6). The company's shares closed in London at 238p, up 2.92% over Thursday's close. At one point early today, the share price rose to 248.50p, its best level since July 2002. More than 28.6 million shares changed hands, vs. the average volume of 16.6 million.

Analysts attribute EMI's performance to signs of recovery in the music business. Goldman Sachs has raised its 2004 earnings-per-share forecast for EMI to 16.8p from 15.8p.

"EMI's U.S. recorded music business is seeing growth of double digits, while continental Europe is declining about the same level," says Goldman Sachs, which predicts a turnaround in Europe later this year.

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