JP Morgan Upgrades AT&T to Overweight, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Choe upgrades AT&T (NYSE:T) from Neutral to Overweight and raises the price target from $18 to $21, indicating a positive outlook on the company's stock.
February 01, 2024 | 10:23 am
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POSITIVE IMPACT
AT&T upgraded by JP Morgan from Neutral to Overweight with a price target increase from $18 to $21.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan suggests a strong confidence in AT&T's future performance. The increase in price target from $18 to $21 further supports this positive outlook, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100