TLS +1.18%: Not that exciting however Morgan Stanley has been a Telstra (TLS) bear for a while now and today they became a Telstra bull, upgrading the stock from Underweight & $3.00 price target to Overweight and $4.00 price target – a big move. The rationale is essentially around the sustainability of their dividend with MS now suggesting that 16cps is doable. We completely agree and remain bullish the perennial underperformer.
MM is bullish TLS.
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