Iliad: UBS maintains buy rating, cuts target price

(CercleFinance.com) - UBS has confirmed its "buy" rating on Iliad while cutting its target price from 200 euros to 181 euros, which still suggests upside potential of 99% for the share of the parent company of alternative telecom operator Free.


"We expect Q4 to confirm weak momentum across the board at Iliad with a material slow-down at the revenues and EBITDA level and growing capex," the broker says.



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