HSBC analyst Luigi Minerva upgraded Swisscom to Buy from Hold with a price target of CHF 600, up from CHF 565. Revenue in the Swiss market continues to improve and competitive dynamics are stable, Minerva tells investors in a research note. The analyst says Swisscom’s energy risk is very well hedged and that the company has effectively neutralized the impact of the Competition Authority’s investigation on the wholesale product for its point-to-multipoint fiber deployment in semi-urban areas.
Published first on TheFly
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