RBC Capital raised the firm’s price target on AT&T to $30 from $28 and keeps an Outperform rating on the shares. The company’s Q1 results topped expectations, even after factoring out $100M of one-time EBITDA benefits, and the firm views favorably the management’s decision to trade off some of its Mobility margin to start the year on a strong footing with 324K postpaid net additions, the analyst tells investors in a research note.
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