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AT&T Gets Slight Boost From Raymond James Upgrade

Tony Owusu

shares are up slightly less than 1% on Friday after the company's rating at Raymond James was upgraded to outperform from market perform. Analyst Frank Louthan also issued a price target of $34 per share, representing 12% upside over the stock's previous closing price. "The outlook for positive earnings growth combined with a strong de-levering story are likely to drive the shares to outperform," Louthan wrote in a note to clients.