BofA analyst David Barden raised the firm’s price target on AT&T to $28 from $24 and keeps a Buy rating on the shares after the company hosted an investor day this week. The firm believes AT&T is well positioned to deliver on its revenue, EBITDA, and free cash flow growth targets which are enabling shareholder returns. The company’s go-forward, connectivity focused strategy continues to build directly on the playbook used since 2021, when AT&T refocused the company on wireless and broadband connectivity, the analyst tells investors in a research note.
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Read More on T:
- AT&T price target raised to $27 from $24 at Oppenheimer
- Ciena price target raised to $80 from $75 at Needham
- AT&T price target raised to $28 from $25 at JPMorgan
- AT&T price target raised to $27 from $24 at Wells Fargo
- AT&T price target raised to $28 from $26 at Citi
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