Orange: UBS confirms 'buy' rating
(CercleFinance.com) - UBS reaffirms its "buy" recommendation on Orange, while reducing its target price from 12.
7 to 12.1 euros, which leaves a potential upside of 17% for the telecom operator's shares.
" Orange offers FCF growth visibility, low leverage and M&A optionality at a discount to the sector. France EBITDAaL stability from 1H24 is a key catalyst " says UBS.
" ESG trends present opportunities for improved returns... Like other companies in the sector, Orange has positioned itself to benefit from ESG trends. For example: initiatives to increase the efficiency of networks and shifting to renewable energy sources ".
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