Matthew Griffiths, an analyst from Bank of America Securities, maintained the Buy rating on AT&T (T – Research Report). The associated price target remains the same with $28.00.
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Matthew Griffiths has given his Buy rating due to a combination of factors that highlight AT&T’s strong financial position and strategic direction. The company is expected to maintain its 2025 guidance, which was initially shared during the fourth quarter results and reaffirmed in the first quarter conference season. This includes a projected free cash flow of $2.8 billion or more, excluding DTV, demonstrating progress in stabilizing quarterly cash flow to meet investor expectations.
Griffiths also notes that AT&T’s consistent market strategy results in predictable operational and financial outcomes that align with its guidance. Despite potential disruptions from trade and tariff issues, the business is anticipated to remain resilient. The focus will be on how management plans to navigate the current environment while continuing to invest in future growth, making AT&T a top pick for 2025.
In another report released on April 15, Bernstein also maintained a Buy rating on the stock with a $29.00 price target.