KeyBanc upgraded AT&T to Overweight from Sector Weight with a $30 price target The recent share pullback has been driven by “overblown” wireless competition concerns, the analyst tells investors in a research note. The firm says AT&T “is forging its own path” to drive mobile and broadband convergence. It sees accelerating adjusted EBITDA from 3% in 2025 to nearly 5% to 2027 and 2028 for the company, due to mobility and broadband. KeyBanc likes the stock’s risk/reward at current levels.
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