The stock is in the green as the CAC40 loses nearly 1.3%. It is the only stock on the rise in the CAC40 (along with Dassault Système). The stock has gained nearly 8% since the beginning of the year.

UBS reiterates its Buy recommendation on the stock, with an unchanged target price of E12.7, representing a potential upside of 15% compared with the current price.

' The meeting with Orange management in France and Spain has reassured us on two key re-rating catalysts: the stabilization of EBITDAaL in France and the implementation of synergies in Spain' says UBS.

The telecom operator has reconfirmed its financial targets as presented on February 16, notably for 2023, including a slight growth in EBITDAaL and organic cash flow from telecom activities of at least 3.5 billion euros.

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