Citigroup Downgrades AT&T to Neutral, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Rollins has downgraded AT&T from Buy to Neutral and lowered the price target from $22 to $16.
July 17, 2023 | 11:09 am
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AT&T has been downgraded from Buy to Neutral by Citigroup, with a lowered price target from $22 to $16.
The downgrade from Buy to Neutral indicates a less optimistic outlook for AT&T's stock. The lowered price target from $22 to $16 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100