Deutsche Telekom Drop Seen as Overreaction Amid Merger Talk with T‑Mobile US
UBS argues that recent selling in Deutsche Telekom shares overstates the risk from merger talk with T-Mobile US and new U.S. wireless competition. The broker kept a Buy rating and a €36.60 target, pointing to attractive valuation, strong earnings growth, dividend yield and buybacks, while noting regulatory and investor hurdles around any full takeo…