Raising the company’s city Price target On AT&T to $26 from $24 and maintains a buy rating on the stock ahead of its December 3 investor day. The company expects an update on AT&T’s multi-year strategy, financial outlook, and capital allocation priorities, and continues to view the event as a potential event. Positive catalyst for shares AT&T is likely to focus on its growing advantage in offering facility-based converged fiber and mobile services, including the potential to accelerate annual new traffic using fiber, the analyst tells investors in a research note.
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