AT&T price target raised to $31 from $30 at Morgan Stanley

Morgan Stanley raised the firm’s price target on AT&T to $31 from $30 and keeps an Overweight rating on the shares. Q1 results were better than expected across all three segments, which increases the firm’s conviction in AT&T’s ability to deliver or over deliver on its 2025 and long-term guidance, says the analyst, who adds that the stocks remains the firm’s Top Pick in Telecom & Cable Services.