AT&T price target raised to $24 from $23 at Scotiabank

Scotiabank raised the firm’s price target on AT&T to $24 from $23 and keeps an Outperform rating on the shares. Q2 demonstrated the management remains focused on delivering results that balance growth and profitability, the analyst tells investors. The firm slightly increased its estimates for FY25 and remains bullish on the company as the stock continues to trade at a discounted valuation.