Reported Earlier, TDS Drops Plan To Buy Rest Of Array, Keeps 82% Stake, Plans To Resume Share Repurchases

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JP Morgan Maintains Overweight on Array Digital Infr, Lowers Price Target to $45

JP Morgan analyst Sebastiano Petti maintains Array Digital Infr (NYSE:AD) with a Overweight and lowers the price target from $54 to $45.

Telephone and Data Systems shares are trading higher after the company announced that it is no longer pursuing the acquisition of the common shares of Array Digital Infrastructure that it does not already own and has withdrawn its previously announced proposal.

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JP Morgan Maintains Overweight on Telephone and Data Sys, Lowers Price Target to $48

JP Morgan analyst Sebastiano Petti maintains Telephone and Data Sys (NYSE:TDS) with a Overweight and lowers the price target from $51 to $48.