Despite analyst's upgrade, the author remains bearish on AT&T due to its debt. AT&T's commendable debt repayment efforts and its options as a low-risk income source are acknowledged, with a target price of $21 in the next 12 months.
Richard Choe sees AT&T's dividend as sustainable post 5G investment, expecting revenue and profit growth. Kannan Venkateshwar sees limited upside for Verizon, but suggests a positive narrative for AT&T in 2024.
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
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