AT&T Stock Has Fallen Too Far, Morgan Stanley Says. It Raised Its Rating.

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Dec. 16, 2021 11:04 americium ET

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AT&T banal gained connected Thursday pursuing an upgrade to Overweight by Morgan Stanley analysts, who accidental the stock’s caller underperformance has created an charismatic opportunity, and that determination are factors that could assistance the shares of the telecom elephantine successful the abbreviated term.

The analysts lowered their people for the banal terms to $28 from $32, adjacent arsenic the slope took a much affirmative presumption of the telecom sector. Shares were up by 4.4% to $23.14 successful mid morning. Previously, Morgan Stanley had rated the banal astatine Equal-Weight.


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