Uniti Group price target raised to $7.50 from $6.50 at RBC Capital

RBC Capital raised the firm’s price target on Uniti Group (UNIT) to $7.50 from $6.50 and keeps a Sector Perform rating on the shares. The firm has updated its model to reflect the company’s Q4 financial results and post-4Q financings, increasing its price target to $7.50 on model flow through impacts from fiber infrastructure growth driven by hyperscale demand, the analyst tells investors in a research note.