Orange: Berenberg stays on 'buy' with adjusted target
(CercleFinance.com) - Although it adjusts its price target from 17 to 16.
8 euros, Berenberg reaffirms its 'buy' recommendation for Orange, explaining that it continues to appreciate it for its quality as a safe investment, which is undervalued.
With its estimates overall in line with consensus for the second quarter, they do not expect the forthcoming publication on 25 July to constitute a strong catalyst for the share, the German broker warns.
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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.
8 euros, Berenberg reaffirms its 'buy' recommendation for Orange, explaining that it continues to appreciate it for its quality as a safe investment, which is undervalued.
With its estimates overall in line with consensus for the second quarter, they do not expect the forthcoming publication on 25 July to constitute a strong catalyst for the share, the German broker warns.
Copyright (c) 2019 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.