AT&T Stock Has Momentum in 2023, Analyst Says. Lowered Expectations Could Help.



AT&T


outperformed the broader market in 2022, and a Wells Fargo analyst sees the “momentum sustaining into 2023.” 

On Tuesday, Eric Luebchow raised his ranking on the telecom inventory to Obese from Equal Weight. The rationale for the transfer rests on two items of knowledge: free money move and earnings earlier than curiosity, taxes, depreciation, and amortization, or Ebitda.

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