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BT Group at seven-year low as bullish Bernstein downgrades - BT Group plc (NYSE:BT)

BT Group at seven-year low as bullish Bernstein downgrades. BT Group (NYSE:BT) is 1.8% lower on NYSE and at a seven-year low following a loss of faith from bullish Bernstein, throwing in the towel with a downgrade to Market Perform. The firm sees "signs of a business in turmoil" in dim guidance and a restructuring program, and shares are likely to stay at low levels for a while, the firm says. The firm has cut its price target to £2.15 from £3.05; shares closed in London at £2.03 today.

First found on: seekingalpha.com