Citi adds AT&T, Equinix to ‘Positive Catalyst Watch List’

Citi analyst Michael Rollins added AT&T (T) and Equinix (EQIX) to the firm’s "Positive Catalyst Watch List." Investor sentiment on the North America telecoms seems cautious with the risk of slowing wireless growth and expanding competition across strategic product categories, namely wireless and home broadband, Rollins tells investors in a research note. The analyst takes a neutral view on the sector with a focus on services stocks "that can successfully restructure, sustain revenue momentum, and employ M&A to improve value."