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Telephone and Data price target raised to $50 from $49 at Raymond James

Raymond James analyst Ric Prentiss raised the firm’s price target on Telephone and Data (TDS) to $50 from $49 and keeps an Outperform rating on the shares. The Q2 results included more details on the T-Mobile (TMUS) transaction and dividends, the analyst tells investors in a research note. The firm believes the continued fiber build-out story is underappreciated.

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