Bank Of America On Orange Investor Day: Increase In Capital Expenditure To Fund Growth
Bank Of America On Orange Investor Day: Increase In Capital Expenditure To Fund Growth. December 4, 2019, 6:00 PM UTC. Orange SA (NYSE: ORAN) this week published its 2025 Plan. Frederic Boulan maintained a Buy rating on Orange, keeping the price target at 18 euros. Orange’s new net cost cutting initiative could drive EBITDA, but its capital expenditure plan is sharply higher, Boulan said in the note. The analyst noted that this varies from its previous “gross” cost savings plans. Orange’s capital expenditure is now expected to increase by around 200 million euros in 2020 and remain flat in 2021, while the company had earlier indicated that it would peak in 2018, Boulan said.