AT&T (NYSE:T) shares are trading 1.99% lower at $27.58 after being cut to neutral from outperform at Cowen & Co. and to neutral from buy at UBS AG, according to a Bloomberg report.
The company is about to lose its exclusive hold on Apple (NASDAQ:AAPL) iPhone in the U.S.
AT&T has a potential upside of 14% based on a current price of $27.57 and an average consensus analyst price target of $31.42.
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