UPDATE: Hilliard Lyons Raises PT on AT&T to $37
Hilliard Lyons maintains a Buy rating on AT&T (NYSE: T) and increases its price target from $33 to $37.
Hilliard Lyons remarks, “We are maintaining our Buy rating on AT&T and are increasing our price target by $4 to $37. We are raising our target to reflect what we feel is a continued favorable fundamental outlook along with the stock's above average dividend yield. In addition, we are also increasing our 2012 EPS estimate by $0.05 to $2.40 due to improved wireless margins and the company's ongoing stock buyback program.”
AT&T closed at $35.63 yesterday.
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