Bernstein analyst Laurent Yoon raised the firm’s price target on AT&T to $30 from $29 and keeps an Outperform rating on the shares. The firm says AT&T’s postpaid plans are priced at a premium compared to its peers, yet it has managed to grow its subscriber base in recent years. Fiber-led bundling accounted for 15%-30% of postpaid phone net adds in the last quarter, Bernstein notes. Additionally, the firm highlights that AT&T has maintained the lowest postpaid churn rate in recent years.
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