Citigroup Upgrades Telephone and Data to Buy, Announces $16 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Rollins has upgraded Telephone and Data Systems (NYSE:TDS) from Neutral to Buy and set a price target of $16.
August 04, 2023 | 3:41 pm
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Citigroup's upgrade of TDS from Neutral to Buy and a price target of $16 could potentially boost the stock's performance in the short term.
Analyst ratings and price targets can significantly influence a stock's performance. The upgrade from Neutral to Buy indicates a positive outlook for TDS, which could attract more investors and drive up the stock price. The price target of $16 also suggests that the analyst sees potential for growth in the stock's value.
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