AT&T shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $22 to $16. Also, BMO Capital lowered its price target from $33 to $29.
Portfolio Pulse from Benzinga Newsdesk
AT&T's stock has been downgraded from Buy to Neutral by Citigroup, with a lowered price target from $22 to $16. BMO Capital also reduced its price target from $33 to $29.
July 17, 2023 | 2:10 pm
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NEGATIVE IMPACT
AT&T's stock has been downgraded by Citigroup and BMO Capital, both of which have also lowered their price targets.
The downgrade by Citigroup and BMO Capital, along with the lowered price targets, indicate a less optimistic outlook for AT&T's stock. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100