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Piper slightly lifts its target for AT&T (T +0.7%) to $37 after checks indicate...

Piper slightly lifts its target for AT&T (T +0.7%) to $37 after checks indicate better-than-expected mobile subscriber adds, and continued low churn. The firm now expects Ma Bell to post Q2 net adds of 225K (200K prior) and churn of 1.05% (down from Q1's 1.1%). It also expects just 7% of AT&T subs to have upgraded their phones during the quarter, as the carrier tries to lower smartphone subsidies.
Comments (1)
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    Wow are they generous----it is trading at $35.73....
    Good trading
    29 Jun 2012, 11:16 AM Reply Like
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