Telecom firms were also in the downgrading spotlight, with Telecom Italia SpA IT:TIT -2.91% off 2.6% after UBS cut the firm to sell from buy, while France Télécom FR:FTE -3.76% lost 2.5% after the bank slashed the rating to sell from neutral.
Sentiment: Strong Sell
It was expected. That firm is bearish on FTE, It also has a habit of downgrading this company during a rallies.
ok, what is UBS price target?
Another opportunity to buy cheap...I love these analysts