Jefferies analyst Jerry Dellis lowered the firm’s price target on BT Group to 190 GBp from 250 GBp and keeps a Buy rating on the shares. The company’s price increases should powerfully reinforce revenue growth over the next 12 months, but he is also mindful that free cash flows may compress in FY24 on higher cash tax, the analyst tells investors in a research note.
Published first on TheFly
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