Citi has decided to raise AT&T’s price target, moving it up from $24 to $26, while maintaining its Buy rating for the shares. This comes as the investor day approaches on December 3rd. The firm anticipates updates on AT&T’s long-term strategies, financial outlook, and capital allocation plans, viewing the upcoming event as a potentially positive trigger for the stock. Analysts are particularly interested in AT&T’s emphasis on its growing ability to deliver comprehensive services through both mobile and fiber networks. This could include an acceleration in the rollout of fiber connections, as highlighted in a recent research note to investors.
Originally reported by TheFly, known for its timely and impactful financial news updates. If you’re looking to keep a close eye on the market, check them out. Also, take a peek at TipRanks for insights into stocks favored by insiders.
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