Scotiabank has increased its price target for AT&T (T) to $29.50, up from a previous target of $29, while maintaining an Outperform rating for the telecommunications giant. This decision is based on the company's consistent growth trajectory, supported by a well-balanced market approach to subscriber acquisition.
The upward revision in the price target reflects a slightly more optimistic view on AT&T's medium-term growth potential in its wireless and consumer segments. This adjustment underscores increasing confidence in AT&T's strategic initiatives to enhance its market position and drive consistent shareholder value.
