Citi raised the price of the company target price at AT&t to $26 from $24 and maintains a Buy rating on the stock ahead of investor day on December 3. The firm expects an update on AT&T’s multi-year strategy, financial outlook and capital allocation priorities, and continues to view the event as a potential positive catalyst for the stock. AT&T is likely to focus on its growing advantage in offering converged facility-based fiber and mobile services, including a potential acceleration of new annual transfers with fiber, the analyst tells investors in a research note.
First published in the fly – the definitive source of breaking financial news that moves the market in real time. Try it now >>
See the most popular stocks from insiders on TipRanks >>
Read more in T: