AT&T price target raised to $33 from $32 at Goldman Sachs

Goldman Sachs raised the firm’s price target on AT&T (T) to $33 from $32 and keeps a Buy rating on the shares after its in-line Q3 results and affirmed guidance. The firm expects the stock to be rangebound after a solid quarter where postpaid phone net adds, broadband net adds, and adjusted EBITDA were all better than the Street expected, the analyst tells investors in a research note. Investors are also concerned over what changes the new Verizon (VZ) CEO may bring, which could create pressure on the stock until Verizon reports results next week, the firm added.