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Bouygues: Morgan Stanley starts tracking, says 'Overweight'

( - Morgan Stanley has started to monitor the Bouygues share with an "overweight" recommendation and a target price of 45 euros, which implies upside potential of over 20% for the French conglomerate.

"A bullish take on both telecoms and construction, cash flow turning a corner combined with a growing dividend, underpin our positive view on Bouygues," the broker says in its comments.

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