Millicom price target raised to $37 from $36.30 at Scotiabank

Scotiabank raised the firm’s price target on Millicom (TIGO) to $37 from $36.30 and keeps an Outperform rating on the shares. While the Q1 season was slower, the company reported “far more convincing trends” to a clear path toward delivering “impressive” returns, the analyst tells investors. Additionally, according to some management, the company could join some U.S. indexes in the coming weeks, the firm adds.