KPN: UBS waiting for better entry point

(CercleFinance.com) - UBS maintains its "neutral" rating on KPN share, inching up its target price for them from 3 to 3.
05 euros, which pretty much corresponds to the share's current price, and says it is "waiting for a better entry point" for the stock of the incumbent Dutch telecom operator.

"Q1 likely to be robust but Q2 impacted by phasing of cost savings", the broker warns, also pointing to "ACM wholesale access review due in coming weeks".



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