Aliant Communications price target raised to $42 from $38 at Roth MKM

Roth MKM raised the firm’s price target on Aliant Communications to $42 from $38 and keeps a Buy rating on the shares after its Q4 “surprise upside”. The company’s cash flow conversion was very good in the quarter, likely catching investors’ eyes, though 2024 likely sees some moderation in growth, the analyst tells investors in a research note.