Barclays downgraded BT Group (BTGOF) to Equal Weight from Overweight with a price target of 190 GBp, down from 215 GBp. Investing in high quality or momentum is typically the best route in European telecoms, the analyst tells investors in a research note. The firm says this is set to continue in 2025, but that potential consolidation means exposure to “recovery” names also makes sense. It adjusted ratings as part of a 2025 outlook.
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