Telecom Italia price target raised to EUR 0.42 from EUR 0.40 at Barclays

Barclays raised the firm’s price target on Telecom Italia (TIAOF) to EUR 0.42 from EUR 0.40 and keeps an Equal Weight rating on the shares. The company’s Q1 results were in line with estimates but positively domestic service revenues came in slightly ahead, the analyst tells investors in a research note.