AT&T price target raised to $34 from $32 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on AT&T to $34 from $32 and keeps a Buy rating on the shares. AT&T’s convergence growth strategy is driving strong wireless and fixed wireline growth, says the analyst, who notes that the firm’s revised price target combined with dividends represents a potential 12-month return of close to 30% from current levels.