KPN: UBS trims target price
(CercleFinance.com) - UBS trimmed on Friday its target price for the shares of Dutch telecom group KPN from 3.
05 euros to 3 euros, while maintaining its "buy" rating.
In a note to clients, the broker said that the group's capital markets day of 28 November could prove "a potential positive catalyst" for the shares.
In particular UBS expects KPN to detail cost savings, fiber capex, Dutch mobile consolidation and cable wholesale regulation
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
05 euros to 3 euros, while maintaining its "buy" rating.
In a note to clients, the broker said that the group's capital markets day of 28 November could prove "a potential positive catalyst" for the shares.
In particular UBS expects KPN to detail cost savings, fiber capex, Dutch mobile consolidation and cable wholesale regulation
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.