AT&T Receives 2 Price Target Hikes From Goldman Sachs and KeyBanc

Quick Read AT&T (T) raised price targets from Goldman Sachs ($33) and KeyBanc ($36) on adoption of three-segment reporting structure that separates high-performing Advanced Connectivity (90% of revenue, 95% of EBITDA) from declining Legacy operations, with fiber convergence rate climbing 200 basis points year-over-year to 42% and Advanced Connectivity EBITDA expected to grow 6-7% annually. AT&T’s new segment reporting provides investor transparency into returns on 5G and fiber investments, positioning ...