Tim SA price target raised to $19.40 from $18 at Barclays

Barclays analyst Mathieu Robilliard raised the firm’s price target on Tim SA to $19.40 from $18 and keeps an Equal Weight rating on the shares. 2023 showed a clear difference between “good” and “bad” market structures in European telecom, evident in how effectively price increases led to service revenue growth, the analyst tells investors in a research note. The firm expects similar for 2024 and remains “biased to quality.”