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BT Group downgraded to Sell from Buy at Citi

Citi double downgraded BT Group (BTGOF) to Sell from Buy with a price target of 112 GBp, down from 200 GBp. The firm forecasts Openreach turning to revenue decline in 2025 and 2026 and staying there for the rest of the decade. Citi also added BT to its Focus List as a sell.

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