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Deutsche Telekom: Barclays adjusts target price

( - Barclays has reaffirmed its 'overweight' recommendation on Deutsche Telekom shares, nudging up its TP from E29 to E29.
5, despite last weekend's publication of lower-than-expected quarterly results and forecasts for 2024.

The broker believes that the German telecom operator's strong performance 'remains intact', and expects it to continue to grow strongly, which in its view is not priced in.

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