AT&T shares are trading lower after JP Morgan maintained a Neutral rating on the stock but lowered its price target from $18 to $17.
Portfolio Pulse from Benzinga Newsdesk
AT&T shares are trading lower after JP Morgan maintained a Neutral rating on the stock but lowered its price target from $18 to $17.
October 12, 2023 | 5:46 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on AT&T but lowered its price target from $18 to $17, causing the shares to trade lower.
JP Morgan's lowered price target for AT&T indicates a less optimistic outlook for the company's stock, which has led to a decrease in the stock's price. This directly impacts AT&T as it may make the stock less attractive to potential investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100