AT&T’s Target Boosted at Oppenheimer Following Positive Investor Meeting (T)

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Telecom superpower AT&T Inc. ( T ) on Thursday saw its price target raised by analysts at Oppenheimer.

The firm said it now expects T shares to reach $35, suggesting a 12% upside to the stock's Wednesday closing price of $31.23.

Oppenheimer noted that sentiment stemming from a recent investor meeting with company management suggests an upbeat outlook for the second half of 2011.

AT&T shares were mostly flat in premarket trading Thursday.

The Bottom Line
We have been recommending shares of AT&T ( T ) since Mar.12, 2009, when the stock was trading at $23.35. The company has a 5.51% dividend yield, based on last night's closing stock price of $31.23.

AT&T Inc. ( T ) is a "Highly Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.8 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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