AT&T
stock comes with its risks but the telecom company will outpace rival
Verizon Communications
over the next few months, according to Raymond James’s Frank Louthan.
On Monday, the analyst lifted his rating on
AT&T
stock to a Strong Buy after keeping it at Outperform since late 2019. His upgrade comes after AT&T reported strong earnings, raised its forecast for full-year profit, and said it feels confident that it can deliver the $14 billion in free cash flow it had forecast for this year, reassuring investors during a shaky time for the markets.
Source: https://www.barrons.com/articles/att-stock-verizon-buy-51666619656?siteid=yhoof2&yptr=yahoo
AT&T Stock Will Outpace Verizon, Raymond James Says, Upgrading the Stock
AT&T
stock comes with its risks but the telecom company will outpace rival
Verizon Communications
over the next few months, according to Raymond James’s Frank Louthan.
On Monday, the analyst lifted his rating on
AT&T
stock to a Strong Buy after keeping it at Outperform since late 2019. His upgrade comes after AT&T reported strong earnings, raised its forecast for full-year profit, and said it feels confident that it can deliver the $14 billion in free cash flow it had forecast for this year, reassuring investors during a shaky time for the markets.
Source: https://www.barrons.com/articles/att-stock-verizon-buy-51666619656?siteid=yhoof2&yptr=yahoo