JPMorgan analyst Marcelo Santos raised the firm’s price target on Millicom (TIGO) to $100 from $86 and keeps an Overweight rating on the shares. The company’s Colombia consolidation is delivering results faster than expected, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TIGO:
- Millicom Earnings Call Highlights Cash and Growth
- Millicom Q1 2026 Results Show Growth from Latin American Acquisitions but Lower Net Profit
- Millicom Earnings Call Highlights Cash and Growth Momentum
- Millicom Completes Full Acquisition of Coltel to Boost Scale and 5G Investment in Colombia
- Millicom acquires remaining 32.5% equity stake in Colombia Telecomunicaciones