Barclays analyst Manav Patnaik upgraded ADT Inc. (ADT) to Equal Weight from Underweight with a price target of $9, up from $7. The company now offers a “clearer strategic focus and relatively more simplified path” to sustainable, profitable growth and free cash flow efficiency, the analyst tells investors in a research note. The firm says ADT’s transformation has gone “reasonably well with metrics at either record levels or for the most part trending positively.”
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