Goldman Sachs Upgrades AT&T (T) And Adds To Conviction List

Investing

Published: March 2, 2009 8:25 am

Last Updated: March 30, 2020 11:16 am

AT&T (T) got a major upgrade this morning as Goldman Sachs moved it to “buy” and added the stock to its Conviction Buy List.

Jason Armstrong said in his research report that “We believe an aggressive estimate reset, a safe dividend, and positive trends in upcoming 1Q results fortify AT&T as a relatively safer investment at this point.”

Armstrong added that the AT&T earnings estimates were likely to be conservative and kept its 12-month price target at $30.

AT&T trades just below $24.

Douglas A. McIntyre

Get Ready To Retire ^(Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future