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
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
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.
