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Telefonica price target lowered to EUR 3.40 from EUR 3.60 at JPMorgan

Telefonica price target lowered to EUR 3.40 from EUR 3.60 at JPMorgan

JPMorgan lowered the firm’s price target on Telefonica (TEF) to EUR 3.40 from EUR 3.60 and keeps a Neutral rating on the shares.

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