Wolfe Research analyst Peter Supino downgraded AT&T to Peer Perform from Outperform without a price target Wolfe also downgraded the telecom and cable group to Market Weight, saying it sees “no relief” from the key performance indicator deterioration seen in the second half of 2025. Verizon’s new strategy, “reflexivity risk” across the industry, and Apple’s expected foldable iPhone all make 2026 look tougher than 2025, the analyst tells investors in a research note.
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