What's Going On With Verizon and AT&T Stocks Tuesday?
Portfolio Pulse from Anusuya Lahiri
Citigroup analyst Michael Rollins upgraded Verizon Communications Inc (VZ) and AT&T Inc (T) from Neutral to Buy, raising the price target for VZ from $39 to $40 and setting a $17 price target for T. Rollins sees a more constructive investment case for large-cap Telcos and anticipates positive catalysts such as updates on lead exposure and evidence of a stabilizing wireless competitive landscape. He still prefers T-Mobile US, Inc (TMUS) as his top-ranked pick.
August 29, 2023 | 5:50 pm
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POSITIVE IMPACT
AT&T's stock was upgraded from Neutral to Buy by Citigroup, with a price target of $17.
The upgrade from Neutral to Buy and the set price target indicate a positive outlook for AT&T's stock. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
T-Mobile US, Inc remains the top-ranked pick for Citigroup analyst Michael Rollins.
Despite the upgrades for Verizon and AT&T, T-Mobile remains the top-ranked pick for the analyst. This indicates a continued positive outlook for T-Mobile's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Verizon's stock was upgraded from Neutral to Buy by Citigroup, with a raised price target of $40.
The upgrade from Neutral to Buy and the raised price target indicate a positive outlook for Verizon's stock. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90