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AT&T (T) PT Lowered to $42 at Nomura/Instinet; 'DoJ Moves the Goalpost, AT&T Cries Foul'

November 21, 2017 6:52 AM EST

Nomura/Instinet lowered its price target on AT&T (NYSE: T) to $42.00 (from $45.00) while maintaining a Buy rating, following an announcement by U.S. Department of Justics to file a lawsuit to challenge the company's bid for TimeWarner.

Analyst Jeffrey Kvaal notes a... More