JPMorgan raised the firm’s price target on AT&T to $31 from $28 and keeps an Overweight rating on the shares. AT&T reported “strong” Q1 results, highlighted by better postpaid phone net adds and strong EBITDA growth, the analyst tells investors. Management remains confident in achieving its reiterated 2025 financial guidance as normalizing market activity was contemplated in its initial view, notes the analyst, who raised 2025 consolidated EBITDA slightly to $46.19B on flow-through of Q1 strength.
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