Bt Brokers: Share Price and Counter Arguments

bt brokers: The broker, said BT faced a number of headwinds including increased competition, convergence and regulation, according to The Guardian. But analysts at Exane BNP Paribas have counter arguments, and remain buyers: We understand that one of BT brokers downgraded the stock last night citing numerous headwinds for its share price in the next few years. But BT is bucking the positive trend, down 5.45p at 381.15p as JP Morgan cuts its price target from 490p to 440p and its recommendation from overweight to neutral. We disagree with the vast majority of the bear arguments put forward by this broker. On competition we strongly doubt Sky plan to invest in building Britain more fibre infrastructure. BT remains our top pick. (news.financializer.com). As reported in the news.