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Deutsche Telekom: UBS raises target price

( - UBS confirms its buy recommendation on the stock, raising its target price for it to E27.
5 (from E26.6), which represents upside potential of 25%.

"Potential government placing a near-term overhang but fundamentals remain attractive and stock offers >10% pa EPS growth and 6% pa shareholder returns", UBS says.

For FY 2024, Deutsche Telekom is targeting adjusted EBITDAaL that is up 6%, to around E42.9bn, with adjusted EPS exceeding E1.75.

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