Citi analyst Michael Rollins raised the firm’s price target on AT&T to $18 from $17 and keeps a Buy rating on the shares. AT&T reported strong Q3 results, with better than anticipated volumes from postpaid phones and fiber net adds and EBITDA growth of 4.6%, the analyst tells investors in a research note. The firm updated estimates to reflect stronger wireless EBITDA growth entering into 2024, consumer wireline retaining room for further improvements in the cost structure, and greater headwinds on business wireline.
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