Seeking Alpha

Shares of AT&T (T -4.3%) and Verizon (VZ -5.3%) are down sharply after Bernstein downgrades...

Shares of AT&T (T -4.3%) and Verizon (VZ -5.3%) are down sharply after Bernstein downgrades shares of both, saying the recession and a saturated U.S. wireless market are likely to hurt growth in 2009. Meanwhile Leap Wireless (LEAP +5.5%) is up on a Wachovia upgrade.
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