Millicom price target raised to $37.90 from $37.30 at Scotiabank

Scotiabank analyst Andres Coello raised the firm’s price target on Millicom (TIGO) to $37.90 from $37.30 and keeps an Outperform rating on the shares. The company remains the firm’s top pick for 2025, going from burning cash in 2023 to guiding the sector’s highest equity yield for 2025, the analyst tells investors.