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Citi Upgrades Telephone & Data Systems (TDS) to Buy, ' we view the announcement as a significant opportunity'

August 4, 2023 10:54 AM EDT

Citi analyst Michael Rollins upgraded Telephone & Data Systems (NYSE: TDS) from Neutral to Buy with a price target of $16.00 (from $8.00).

The analyst comments "TDS and US Cellular announced that each has decided to initiate a process to explore strategic alternatives for US... More