AT&T removed from Focus List at Citi

Citi analyst Michael Rollins removed AT&T from the firm’s Focus List while keeping a Buy rating on the shares with a $32 price target The firm cites AT&T’s recent price outperformance for the removal. It believes the company’s improved fundamental outlook is now partly reflected in the stock’s current valuation. AT&T remains Citi’s overall top pick, as it likes the opportunity for the company to sustain a balanced approach between price and volume for its strategic products to deliver on its financial growth.