Orange Belgium: UBS upgrades to 'buy'

(CercleFinance.com) - UBS has upgraded its rating on Orange Belgium from "neutral" to "buy," having nudged up its target price for the share from 18.
5 euros to 19.5 euros, meaning upside potential of 19% for the share of the Belgian telecom operator.

Supported by a UBS Evidence Lab survey, the broker expects that the momentum of key performance indicators and a better cable economy will foster higher free cash flow generation.


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