ubs lowers target price for 1 and 1 but maintains buy rating

UBS has lowered its target price for 1&1 Drillisch from 21 euros to 20 euros but still recommends buying the stock.

The analyst, Polo Tang, expressed concerns about the increasing competition in Germany's mobile phone market, especially in the low-cost segment, after reviewing the company's latest quarterly results.

Despite the short-term challenges and weaker operating trends, Tang remains positive about the future prospects of United Internet and 1&1. He believes that their long-term mobile partnership with Vodafone, which has been in place for 18 years, will give them a competitive advantage in the changing market landscape.

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