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Fly News Breaks for December 6, 2017
MFOYY, MBT
Dec 6, 2017 | 09:38 EDT
Deutsche Bank analyst Masha Kahn downgraded Mobile TeleSystems (MBT) to Hold from Buy saying price cuts are "bad news" for the Russian telecom market "repair story." Russian telecom stocks are "extremely sensitive" to the competitive environment and can "deteriorate quickly" once a price war starts, Kahn tells investors in a research note. The analyst lowered her price target for Mobile TeleSystems to $10.60 from $12.80. She also downgraded MegaFon (MFOYY) to Hold.
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