BUZZ-Morningstar hikes Aussie Telstra's fair value, bets on “boring” resilience in tech era
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Morningstar raises Telstra's fair value by 8% to A$5.40, citing its earnings resilience and lower capital costs. Despite tech growth trends, Telstra's defensive role in connectivity remains appealing. The "Connected Future 30" plan aims to streamline operations, while share buybacks boost EPS and dividends. Telstra's stock is up ~22% YTD, supported by dependable dividends and a strong balance sheet.
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