{"id":4339,"date":"2023-05-04T22:29:24","date_gmt":"2023-05-05T02:29:24","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/citi-opens-90-day-positive-catalyst-watch-on-att-sees-improving-market-confidence\/"},"modified":"2023-05-04T22:29:24","modified_gmt":"2023-05-05T02:29:24","slug":"citi-opens-90-day-positive-catalyst-watch-on-att-sees-improving-market-confidence","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=4339","title":{"rendered":"Citi opens 90-day positive catalyst watch on AT&T , sees improving market confidence"},"content":{"rendered":"
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\u00a9 Reuters. Citi opens 90-day positive catalyst watch on AT&T (T), sees improving market confidence<\/span>
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Citi opened up a 90-day Positive Catalyst Watch on AT&T Inc (NYSE:) in a note to clients Wednesday, as they expect disclosures over the next few months to improve market confidence in the stock.<\/p>\n

“We expect disclosures over the next few months to improve market confidence on the opportunity for AT&T to generate FCF of $16 billion or better during 2023 as well as reduce capital spending significantly during 2024 that can support some multiple expansion from the current level,” Citi said in the note.<\/p>\n

It added that the firm, which has a Buy rating and $22 price target on AT&T, believes the company’s investment strategy “should yield modest revenue growth, better EBITDA growth, and better FCF for 2023 and continuing into 2024.”<\/p>\n

“We believe AT&T’s Core EV\/EBITDA at 6.1x on our 2023 estimates has room for expansion, as its trading at the low-end of its competitors,” the note concluded.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Citi opens 90-day positive catalyst watch on AT&T (T), sees improving market confidence Citi opened up a 90-day Positive Catalyst Watch on AT&T Inc (NYSE:) in a note to clients Wednesday, as they expect disclosures over the next few months to improve market confidence in the stock. “We expect disclosures over the next […]<\/p>\n","protected":false},"author":1,"featured_media":4340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-4339","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nCiti opens 90-day positive catalyst watch on AT&T , sees improving market confidence | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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