AT&T shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $22 to $17.
Portfolio Pulse from Benzinga Newsdesk
AT&T's stock has been downgraded from Overweight to Neutral by JP Morgan, which also lowered its price target from $22 to $17. This has resulted in AT&T shares trading lower.
July 14, 2023 | 2:48 pm
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AT&T's stock has been downgraded by JP Morgan, leading to a decrease in its share price.
JP Morgan's downgrade of AT&T from Overweight to Neutral and the lowering of its price target from $22 to $17 has led to a decrease in AT&T's share price. This negative sentiment from a major financial institution can lead to a short-term decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100