BT Group got a lift on Wednesday as Morgan Stanley upgraded its stance on the stock to ‘overweight’ from ‘equalweight’ and bumped up the price target to 490p from 450p.
It noted the shares have underperformed the FTSE 100 by a disappointing 41 percentage points in the last 12 months, providing a good entry opportunity.
The bank pointed to three reasons why it expects a better share price performance this year: better operational news flow ahead, gilt yields coming off their lows - which is good for pensions - and a compelling valuation.
http://www.digitallook.com/news/broker- ... 37804.html
Shares up just under 3% on this.
Edited by TJH to correct quote tabs, 1555, 11 Jan 16