Barclays analyst Maurice Patrick downgraded KPN (KKPNY) to Equal Weight from Overweight with an unchanged price target of EUR 4.20. Investing in high quality or momentum is typically the best route in European telecoms, the analyst tells investors in a research note. The firm says this is set to continue in 2025, but that potential consolidation means exposure to “recovery” names also makes sense. It adjusted ratings as part of a 2025 outlook.
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