Citi adds ‘upside 30-day short-term view’ on AT&T into earnings

Citi analyst Michael Rollins added an “upside 30-day short-term view” on AT&T while keeping a Buy rating on the shares with a $32 price target The firm believes AT&T “will deliver another good quarter of results” and possibly some early buybacks that can support additional upside for the shares, despite the elevated promotional wireless environment. The company is on track to report solid Q2 results, balanced between volume and financial performance, as it leaned into the elevated competitive wireless environment with some active promotions, the analyst tells investors in a research note.