LightShed Partners analyst Walter Piecyk downgraded AT&T (T) to Neutral from Buy. The firm’s estimates are "no longer materially divergent from consensus"and AT&T’s dividend yield dropped beneath Verizon’s (VZ), "as it should have," LightShed said. The firm notes it does not a assign price targets to Neutral rated stocks, but adds that AT&T is "near our estimate of year-end fair market value of $21."
Published first on TheFly
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