UBS's research department confirms its buy recommendation on the stock and raises its price target to E27.5 (from E26.6), which represents upside potential of 25%.

' The government is placing a short-term surplus, but the fundamentals remain attractive and the shares offer EPS growth >10% p.a. and a shareholder return of 6% p.a.' says UBS.

For fiscal 2024, Deutsche Telekom is targeting adjusted EBITDAAL up 6%, to around 42.9 billion euros with adjusted EPS exceeding 1.75 euros.

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