Citi analyst Peter Christiansen raised the firm’s price target on ADT Inc. (ADT) to $10 from $9 and keeps a Buy rating on the shares. The firm believes the company’s decreased private equity ownership is driving increased attention in the shares. Citi sees further sales by private equity as a positive catalyst for ADT.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADT:
- AI Daily: Apple plots expansion into robots, home security
- Apple plots expansion into AI robots, home security, Bloomberg reports
- ADT Inc. price target raised to $9.50 from $9 at Morgan Stanley
- ADT Enters Credit Agreement Amendment for $550M Loan
- ADT Inc. 71M share Spot Secondary priced at $8.37