Raymond James analysts updated their Analyst Current Favorites list, which showcases preferred stock recommendations from the Equity Research team. In the latest update, they’ve included AT&T (NYSE:T), a telecom company facing recent challenges.
The analysts at Raymond James have given AT&T a Strong Buy rating with a $25 price target, indicating a potential upside of more than 65% based on the closing price last Friday.
According to the firm, AT&T has become their Analyst Current Favorite because they see positive short-term prospects and expect investors to respond positively to the upcoming earnings results. They anticipate growth in free cash flow (FCF) throughout the year and a favorable trend in post-paid wireless subscribers during the latter part of the year, aligning with recent statements from the company’s management. These developments are considered pivotal factors driving the stock’s outlook.