1028 GMT - Deutsche Telekom is well-placed for sustained growth in the U.S., UBS analysts write in a research note. "While German mobile competition is increasing, the bulk of DT's German revenue are fixed-line and investors may be more focused on the upside from U.S. domestic exposure post the outcome of the presidential elections," the analysts say. The U.S. market is healthy, facing less price competition than many European markets, they add. The U.S. bank raises its recommendation on the stock to buy from neutral and its target price to 33 euros from 31 euros. Shares are up 1.5% at 29.70 euros. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

January 10, 2025 05:28 ET (10:28 GMT)

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