Morgan Stanley Reiterates Equal-Weight on AT&T, Maintains $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simon Flannery has reiterated an Equal-Weight rating on AT&T (NYSE:T) and maintained a $20 price target.

August 04, 2023 | 1:30 pm
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Morgan Stanley has reiterated an Equal-Weight rating on AT&T and maintained a $20 price target.
The news is directly about AT&T and comes from a reputable source, Morgan Stanley. The Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the market, which doesn't indicate a strong buy or sell signal. The maintained price target of $20 also doesn't suggest any significant changes in the company's valuation. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100