Oddo BHF has raised its opinion on Orange to 'outperform', with an adjusted target price of 11.2 to 11.7 euros, pointing out that the stock has underperformed the sector by around 24% over the past year, due to the mobile price war in France.

At the current price, the stock has a 2024 P/E of almost 10 times, and a yield of around 8%.

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