Scotiabank raised the firm’s price target on AT&T to $29.50 from $29 and keeps an Outperform rating on the shares. The company continues to deliver steady growth supported by a balanced subscriber loading go to market strategy, the analyst tells investors. The firm is increasing its price target due to a slight increase in its medium-term growth assumptions on wireless and consumer segments.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue