Morgan Stanley assumed coverage of AT&T with an Overweight rating and $30 price target After divesting noncore businesses in recent years and refocusing on its core connectivity services, AT&T is “well into their turnaround story” and benefits from the convergence story as the largest fiber provider and builder in the nation “by far,” the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- Oppenheimer upgrades NextNav to Outperform with $25 price target
- Starlink Shakes Up Telecom with New Internet and Mobile Bundle
- AT&T Draws Fresh Bullish Targets as Cash Flow Surges
- AT&T downgraded to Neutral from Outperform at BNP Paribas
- The Week That Was, The Week Ahead: Macro and Markets, April 5