AT&T -2.5% as Moffett cuts to Sell on weaker fundamentals
- AT&T (NYSE:T) is off 2.5% this morning after a cut to Sell at MoffettNathanson.
- Analyst Craig Moffett is pointing to valuation and expects weakening fundamentals are coming back into focus for the company.
- He's set his price target to $30, now implying 22% downside.
- Sell-side analysts are still Bullish overall, as are Seeking Alpha authors; AT&T has a Quant Rating of Neutral.