Oppenheimer Upgrades AT&T to Outperform, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Timothy Horan has upgraded AT&T (NYSE:T) from Perform to Outperform and set a price target of $21. This upgrade suggests a positive outlook on AT&T's stock performance.
January 19, 2024 | 12:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AT&T has been upgraded by Oppenheimer from Perform to Outperform with a new price target of $21, indicating a potential upside from its current trading price.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or undervaluation. The new price target of $21 by Oppenheimer implies that the analyst sees significant upside potential for AT&T, which could encourage investors to buy shares, driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100