RE: Hedge fund Kintbury takes short position in BT7 Dec 2023 10:27
BT shares are up 14% to 135.4p in the past fortnight, with some recent favourable City commentary aiding its progress. This included Monday’s move by JP Morgan to sweeten its “overweight” recommendation through a new 290p target price, while Bank of America lifted its estimate from 187p to 195p earlier this week.