JPMorgan raised the firm’s price target on AT&T to $28 from $25 and keeps an Overweight rating on the shares following the investor day. The company provided better multi-year service revenue and EBITDA guidance with normalized free cash flow guidance of $18B in 2027, the analyst tells investors in a research note. The firm says AT&T’s organic fiber opportunity improving broadband and mobility market share, and EBITDA margin expansion is expected to drive accelerating earnings and free cash flow per share growth, which it finds attractive at current share levels.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- AT&T price target raised to $27 from $24 at Wells Fargo
- AT&T price target raised to $28 from $26 at Citi
- AT&T price target raised to $27 from $24 at Barclays
- 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