Millicom price target raised to $46.10 from $37 at Scotiabank

Scotiabank raised the firm’s price target on Millicom (TIGO) to $46.10 from $37 and keeps a Sector Perform rating on the shares. The company will need to deliver an “impressive turnaround strategy” to offset the heavy interest burden from its four major acquisitions of UNE-EPM, Coltel, TEF Ecuador, and TEF Uruguay, the analyst tells investors.