Beat and raise lift Orange shares
BUZZ-Beat and raise lift Orange shares ** Shares in Orange ORAN.PA rise close to 4% after it lifted its FY outlook for the second time this year following a beat on expectations for Q2 earnings
** The French telecom now sees FY EBITDAaL growth of more than 4% (vs 3% previously), with organic cash flow target of around €4.3 bln (vs €4 bln previously)
** J.P. Morgan points to the earnings being a beat across the board, "material" guidance hike and a new data centre project that Orange announced on Monday
** "H1 confirms that Orange is now a solid dividend-generating machine," AlphaValue says
** The broker says Orange offers a 4.8% dividend yield and "deserves a higher valuation, particularly in comparison to BT BT.L and Vodafone VOD.L"
** The stock sits atop France's blue-chip index CAC 40 .FCHI
(Reporting by Piotr Lipinski)