BT Group: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse maintains its Outperform rating on the BT Group share and has raised its corresponding target price from 180p to 185p.
The broker bases its stance on recent price increases for consumers made by the group and estimates that EPS will increase by 4% in 2023.
Credit Suisse also forecasts that its EBITDA will rise by 1% between 2020 and 2023, to 8 billion pounds, a far cry from "much too pessimistic, in our view, in forecasting a 4% decline over the same period".
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