- Barclays maintains an Equal Weight rating on AT&T (NYSE:T) but lowers the price target by a dollar to $40.
- Firm cites multiple factors that can influence share performance like the Time Warner deal outcome and fundamental trends including margin trajectory.
- Firm says AT&T’s better cash flow conversion from tax reform provides some cushion and that cushion would grow if the Time Warner deal closes.
- Source: Briefing.com.
- AT&T shares are down 0.1%.