Citigroup Keeps Sell on BT Group and Cuts Price Target to 165p
Citigroup reiterated its sell rating on BT Group PLC and trimmed its price target to 165p from 175p. The update cites long-term downside for the telecoms group tied to its pension scheme. The change indicates Citi’s continued caution on BT’s medium- to longer-term outlook rather than an immediate shift in fundamentals.