Raymond James raised the firm’s price target on AT&T to $33 from $31 and keeps a Strong Buy rating on the shares. Wireless post-paid subscriber growth, EPS and free cash flow growth remain the critical factors for the telcos, and AT&T’s strategy should continue to deliver these metrics, the analyst tells investors in a research note. The firm sees AT&T as its best large cap total return story over the next 12 months.
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