Deutsche Bank upgrades its recommendation for Telia to Buy from Hold and raises the price target to SEK 50 from SEK 34. This is stated in an analysis of the Nordic telecom sector.
The research house sees potential for raised earnings forecasts, lower risks related to AI agents and greater capital returns to shareholders. At the same time, Norway’s Telenor is deemed to face continued risks surrounding forecasts and earnings performance. Telenor was downgraded to Hold in September last year. The price target is simultaneously raised to NOK 160 (150).
Deutsche Bank reiterates Hold for Tele2 but raises the price target to SEK 148 from SEK 144.
For Finnish Elisa, the price target is cut to EUR 40.50 from EUR 42.50. Hold is reiterated here as well.
