2024-03-07 03:33:00 ET
AT&T (NYSE: T) stock is going to hit a level it hasn't seen since June 2022. At least that's what analyst Peter Supino from Wolfe Research said when he upgraded shares of the telecommunications company this week.
AT&T stock jumped after the analyst moved it from the equivalent of a neutral to a buy rating with a price target of $21 per share. That would represent a gain of 25% from Monday's closing price prior to the analyst report. It would also mean the stock gets to a level it hasn't seen for nearly two years.
For further details see:
AT&T Stock Has 25% Upside, According to This Wall Street Analyst