Telephone and Data price target lowered to $47 from $51 at Raymond James

Raymond James lowered the firm’s price target on Telephone and Data (TDS) to $47 from $51 and keeps an Outperform rating on the shares. Telephone and Data had a “weak” Q1, particularly in TDS Telecom, with added Service Addresses affected by a cold Pacific Northwest and Wisconsin winter, the analyst tells investors in a research note.