Major Bank Ratings | Wolfe: Upgrades AT&T to "Outperform," Fundamentals Improve Beyond Starlink Competition Risk
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GLONGHUI July 23 — Wolfe Research has upgraded AT&T’s rating from “Peer Perform” to “Outperform” with a target price of $29, citing the telecommunications giant’s continuously improving operating fundamentals and attractive valuation as sufficient to offset concerns about competitive threats from SpaceX’s Starlink mobile business.
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