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Citigroup Adjusts AT&T's Price Target to $31.50 From $29, Maintains Buy Rating
Citigroup has raised its price target for AT&T (T) to $31.50 from $29, while maintaining a “Buy” rating on the stock. This adjustment comes amidst recent news regarding AT&T, including a vote by AT&T Mobility workers to authorize a strike and the launch of a new app for customers. The telecommunications giant reported significant broadband gains and continues to expand its fiber network.