RBC Capital analyst Jonathan Atkin upgraded AT&T to Outperform from Sector Perform with a price target of $26, up from $22, on greater confidence in growth initiatives and shareholder return prospects. The firm is raising its estimates through 2027 to reflect initiatives disclosed during AT&T’s recent Capital Markets Day. Eliminating legacy costs and leveraging fiber investments strengthen RBC’s confidence in AT&T’s performance beyond 2027.
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