RBC Capital lowered the firm’s price target on AT&T to $30 from $31 and keeps an Outperform rating on the shares. The company delivered financial and subscriber results that were in-line to ahead on financial metrics and subscriber growth, and despite wireless ARPU softness, the firm views AT&T’s performance favorably and believes it can continue subscriber growth while balancing profitability and capital return objectives, the analyst tells investors in a research note.
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