AT&T’s Bear Case Largely Has Played Out. The Stock Has Limited Downside Risks.

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Updated Jan. 7, 2022 9:42 americium ET / Original Jan. 7, 2022 9:16 americium ET

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Shares of AT&T were rising Friday aft receiving an upgrade from Wells Fargo connected constricted downside risks.

Analyst Eric Luebchow upgraded the banal to Equal Weight from Underweight, and raised his terms people to $27 from $26.

“With shares down -11.9% successful 2021 (vs. S&P of +27.0%), we deliberation downside risks are much limited, peculiarly with our...

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