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Fly News Breaks for June 25, 2015
T
Jun 25, 2015 | 07:44 EDT
As previously reported, BofA/Merrill upgraded AT&T (T) to Buy from Neutral. The firm expects AT&T financial performance to improve driven by a relatively stable competitive wireless environment and benefits from the DirecTV (DTV) merger that include cash flow accretion and cost savings. BofA/Merrill raised AT&T's price target to $40 from $35 on shares.
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