(ADPnews) - Dec 18, 2009 - JP Morgan cut the rating on the ordinary shares of Telecom Italia (BIT:TIT) to "underweight" from "neutral" as a reflection of lowered expectations for the telecom's 2010 EBITDA.
The broker also revised its price target on Telecom Italia's ordinary shares down to EUR 1.15 from EUR 1.20.
JP …
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