Barclays raised the firm’s price target on AT&T to $27 from $24 and keeps an Overweight rating on the shares following the investor day. AT&T’s valuation should benefit from increased growth visibility, better than expected long term guidance, and a capital return program that could have upside if the company executes in line with guidance, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- AT&T announces long-term targets, BlackRock acquires HPS: Morning Buzz
- Evercore says AT&T rolls out attractive multi-year targets ahead of analyst day
- AT&T upgraded to Buy at New Street after better-than-expected guidance
- Early notable gainers among liquid option names on December 3rd
- AT&T (NYSE:T) Aims to Double Fiber Reach & Targets $18B Free Cash Flow by 2027