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Orange: Bryan Garnier raises target price.

(CercleFinance.com) - Bryan Garnier has announced that it has updated its models and has inched up its target prices in the fiber sector in France.
The broker's analysts have raised their target price for the Orange stock to 17.2 euros, maintaining their buy rating.

Analysts are also maintaining their buy rating on Altice and Iliad, but have cut their respective target prices to 14.9 euros and 245 euros respectively. They have raised their target price for the Bouygues stock to 44 euros, although are maintaining their neutral rating on it.

In particular, Bryan Garnier believes that, far from being threatened, Orange's position has been getting stronger over recent months, particularly thanks to the difficulties that SFR is currently having.

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