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ADT Inc. price target raised to $7.50 from $7 at Morgan Stanley

Morgan Stanley raised the firm’s price target on ADT Inc. (ADT) to $7.50 from $7 and keeps an Equal Weight rating on the shares. Margin and free cash flow were better than expected in the quarter, though partially driven by timing, the analyst tells investors in a research note. The firm added that subscriber headwinds remain, but the DIY ADT Blu launch could provide the subscriber tailwinds the company needs.

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