Tigress Financial analyst Ivan Feinseth raised the firm’s price target on AT&T to $32 from $30 and keeps a Buy rating on the shares. The firm says AT&T continues to benefit from strong wireless and broadband subscriber growth as well as ongoing 5G network growth, and its portfolio of communications businesses combined with its significant dividend yield continues to create a compelling investment opportunity. AT&T’s ongoing 5G and fiber network and broadband rollout ongoing cost reductions will continue to drive positive Business Performance trends, Tigress argues.
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