2024-01-25 17:04:35 ET
One day after reporting fourth-quarter figures that disappointed many investors, AT&T (NYSE: T) stock bounced back nicely on Thursday. Buoyed by several analyst price target increases, the sturdy telecom's share price closed the session almost 3% higher. That was well ahead of the 0.3% bump experienced by the S&P 500 index.
On Thursday, no fewer than three AT&T researchers upped their price levels on the stock.
Of the trio, the meatiest raise came from DZ Bank's Matthias Volkert, who added $1.50 per share to his target for a new figure of $17.50. This doesn't make Volkert a bull, though, as the analyst maintained the firm's hold recommendation.
For further details see:
Why AT&T Stock Topped the Market Today