JP Morgan Downgrades AT&T to Neutral, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Philip Cusick has downgraded AT&T (NYSE:T) from Overweight to Neutral and lowered the price target from $22 to $17.
July 14, 2023 | 9:55 am
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NEGATIVE IMPACT
AT&T has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $17.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards AT&T. The lowered price target suggests that JP Morgan expects AT&T's stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100