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STOCKS NEWS EUROPE-Deutsche Telekom indicated higher on upgrade

Reuters - UK Focus

Shares in Deutsche Telekom (LSE: 0MPH.L - news) rise 1.4 percent in trading before markets open, according to Lang & Schwarz brokerage, after UBS (Berlin: UBRA.BE - news) upgrades its recommendation on the stock to 'buy' from 'neutral', traders say.

UBS raised its price target to 12.70 euros ($17.00) from 8.50 euros and added the stock to its 'Key Call List'.

Reuters messaging rm://marilyn.gerlach.thomsonreuters.com@reuters.net

Reuters messaging rm://kirsti.knolle.thomsonreuters.com@reuters.net ($1 = 0.7340 euros)