The stock's current valuation falls short of reflecting its growth potential and attractive fundamentals, Davidson adds. "In our view, this was largely expected by the market, but it does boost support for INDV's strategy," analysts at the U.S. bank say. (christian.moess@wsj.com)---BT Edges Lower After Altice Stake-Building0847 GMT - BT Group shares edge 0.3% lower after French billionaire Patrick Drahi's Altice UK increased its stake in the U.K. telecom to 24.5%, but said it didn't plan to make a bid to take over the company. "Given the technically significant levels we are at ahead of the April CPI print on Wednesday, we could very well see some appetite from investors," the analysts say. (miriam.mukuru@wsj.com)Contact: London NewsPlus, Dow Jones Newswires;(END) Dow Jones NewswiresMay 23, 2023 05:35 ET (09:35 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 23, 2023 09:43 UTC