Citi raised the firm’s price target on AT&T to $26 from $24 and keeps a Buy rating on the shares ahead of the investor day on December 3. The firm expects an update on AT&T’s multi-year strategy, financial prospects, and capital allocation priorities, and continues to view the event as a potentially positive catalyst for the shares. AT&T is likely to focus on its expanding advantage to offer converged facilities-based mobile and fiber services, including possible acceleration of annual new passings with fiber, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Read More on T:
Source: finance.yahoo.com
Related posts:
Quantumscape Insider Sold Over $443.39 Thousand In Company Stock
2 Natural-Gas Stocks to Play the Coming Rebound
The Three Worst-Performing REITs Of The Year
Charlie Munger Says, 'If I Can Be Optimistic When I'm Nearly Dead, Surely The Rest Of You Can Handle...
Suze Orman Reveals The One Expense You Must Cut In Retirement – 'The Very Last Thing I Would Think A...