AT&T price target lowered to $31 from $31.50 at Scotiabank

Scotiabank lowered the firm’s price target on AT&T to $31 from $31.50 and keeps a Sector Perform rating on the shares. The company’s Q1 results showed “strong execution” and the firm believes the path to full decommissioning remains attainable, the analyst tells investors. While there is some increased friction for broadband in rural areas, the firm believes they remain too small to damage AT&T’s financials.