0047 GMT - TPG Telecom continues to generate optimism at Morgans, where analyst Nick Harris is hopeful that the Australian telecommunications provider can grow its mobile market share toward 25%. Harris tells clients in a note that there are already signs that TPG's Vodafone Australia brand is expanding its market share. TPG's 9.5% free cash flow yield also contributes to his continued accumulate rating on the stock. Morgans cuts its target price 24% to A$4.20 following TPG's recent A$1.61/share capital reduction, reinvestment plan and handset receivables sale. Shares are up 0.3% at A$3.91. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 19:47 ET (00:47 GMT)
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