Iliad: Credit Suisse raises target price

(CercleFinance.com) - On Friday morning Credit Suisse analysts raised their target price for the Iliad share, appreciating smaller losses in the Italian market.


The broker has therefore raised its target price from 111 euros to 131 euros. However, Credit Suisse remains neutral on the stock.

"Iliad's earnings trajectory should improve further with Q3 20 (November) revenues, as the COVID-19 drag moderates, and as it is helped by a continued improvement in net adds. The main downside risk is a failure to execute in Italy and further capex hikes," the broker said.


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