As previously reported, Morgan Stanley upgraded AT&T (T) to Overweight from Equal Weight with a price target of $28, up from $19, as the analyst assumed coverage of the stock and also named it “Top Pick” among the North American Telecom and Cable Services group. The firm sees growth driving outperformance, led by product leadership in fiber at AT&T and wireless at T-Mobile (TMUS), which the analyst also assumed with an Outperform rating and price target of $280, up from $239.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on T:
- AT&T assumed at Overweight from Equal Weight at Morgan Stanley
- S&P 500 on Track for 6,500, Says Citi – Here Are 2 Stocks Poised to Climb Along
- eBay downgraded, GM upgraded: Wall Street’s top analyst calls
- AT&T collaborates with Madison Energy Infrastructure
- AT&T initiated with an Outperform at Bernstein