Bernstein Upgrades AT&T (T) to Outperform

June 25, 2008 7:12 AM EDT

Sanford C. Bernstein upgrades AT&T (NYSE: T) from Market Perform to Outperform, but reduced their price target from $44 to $42, the firm cited valuation after recent weakness.

AT&T, Inc. provides telecommunications services to consumers and businesses in the United States and internationally.


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