AT&T price target raised to $27 from $26 at RBC Capital

RBC Capital raised the firm’s price target on AT&T to $27 from $26 and keeps an Outperform rating on the shares. The company’s Q4 financial results were in line with consensus expectations, though its wireless and fiber net additions were stronger than expected, the analyst tells investors in a research note. The firm is boosting its estimates on the back of subscriber growth and cost-elimination progress, with FY25 revenue, EBITDA, and free cash flow estimates now at $123.4B, $46.1B, and $16.4B vs. previous $122.8B, $46.1B, $16.1B, RBC added.