Orange: boosted by an analyst's upgrade

(CercleFinance.com) - Orange shares gained almost 2%, significantly outperforming the CAC40, helped by Oddo BHF's upgrade to 'outperform', with a TP raised from E11.
2 to E11.7 for the share of the incumbent French telecoms operator.

The broker points out that the stock has underperformed the sector by around 24% over the past year due to the mobile price war in France, but believes that management indications of Orange's commercial resilience call for a correction.


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