The investment case for BT Group PLC (LSE:BT.A) is being flattered by hopes that may prove hard to sustain, that's according to analysts at Deutsche Bank, who have repeated a Sell rating and a 150p price target. DB, in a note, said BT had benefited over the past year from the same forces that lifted the wider telecoms sector: stake-building, consolidation expectations, the prospect of lower fibre capital expenditure and its perceived status as a relative “safe-haven” from geopolitics and AI disruption.