BT: Credit Suisse maintains outperform rating

(CercleFinance.com) - Credit Suisse reiterates its 'Outperform' rating on BT Group shares, with a target price of 200p, while raising its medium-term FCF estimates following a recent presentation on Openreach and a management update.


"We are 2% ahead of FY24 consensus EBITDA and note consensus is ~£100m below the FY23 guidance in which management has expressed high confidence," the broker said.

The BT share is just underwater in London, underperforming the market by about 0.5%.



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