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#SaxoStrats: Garnry looking for upside in Telefonica
Saxo Bank head of equity strategy Peter Garnry is adding Telefonica to the SaxoStrats equity portfolio.
Recent news about Telefonica pursuing an IPO for its mobile carrier O2 and stable ratings could spell further upside, according to Garnry.
He is buying Telefonica with a stop-loss at €9 and a price target of €10.
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Tags: equities, peter garnry, saxo bank, saxo tv, saxostrats, telefonica, tradingfloor.com
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