Argus upgrades AT&T (T +1%) to Buy, leading shares to open slightly higher. The upgrade...

|By:, SA News Editor

Argus upgrades AT&T (T +1%) to Buy, leading shares to open slightly higher. The upgrade comes as AT&T decides to follow Verizon's lead once again, this time by requiring postpaid phone subs whose contracts end in March 2014 or later to wait a full 24 months (rather than the current 20 months) before being eligible for a subsidy. On Friday, Jefferies reported AT&T and Verizon were looking to lower phone subsidies by selling carrier-branded phones (likely Android devices) from Chinese white-box OEMs.