ADT Inc. price target raised to $9 from $8 at RBC Capital

RBC Capital analyst Ashish Sabadra raised the firm’s price target on ADT Inc. (ADT) to $9 from $8 and keeps a Sector Perform rating on the shares. The company’s revenues beat estimates, driven by an acceleration in installation revenues, which benefitted from the transition to a customer-owned model, as ADT continues progressing on key strategic initiatives, including Trusted Neighbor, the ADT+ platform, Google, and the Statefarm partnership, the analyst tells investors in a research note.