TIM S.A. (TIMB) PT Raised to $27 at Barclays

Barclays analyst Mathieu Robilliard raised the price target on TIM S.A. (NYSE: TIMB) to $27.00 (from $26.00) while maintaining a Equalweight rating.

The analyst comments "TIMB (EW - new $27.0 PT, was $26.0). We update our estimates pre 1Q26E results for the latest forex and commercial trends. We leave our FY26E/FY27E revenue estimates broadly unchanged. Our FY26E/FY27E normalised EBITDA estimates fall by -0.8%/-0.7% as we factor slightly higher commercial costs. We remain EW with a new $27.0 PT (was $26.0) due to the appreciation of the USD vs the BRL since our last update. For 1Q26 we expect mid-single-digit growth for service revenues and EBITDA, in line with the FY guidance."

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