2326 GMT [Dow Jones]--TPG Telecom's status as a well-run telecommunications provider isn't enough to make it one of Morgan Stanley's preferred sector picks. MS analysts raise their annual Ebitda forecasts through 2028 on tweaks to operating-expense and gross-margin assumptions, but still see the stock as overvalued. They tell clients in a note that they continue to prefer both Telstra for its defensive qualities and rising dividend, and Aussie Broadband for potential capital growth. MS keeps a A$3.50 target price on the stock, which is down 0.1% at A$4.045. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 03, 2026 18:28 ET (23:28 GMT)

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