Wolfe Research raised AT&T's rating from “on par with peers” to “outperforming the market” and gave it a target price of $29. It believes that the telecom giant's continuous improvement in operating fundamentals and attractive valuations are sufficient to offset concerns about competition in SpaceX's Starlink mobile business.

Wolfe Research raised AT&T's rating from “on par with peers” to “outperforming the market” and gave it a target price of $29. It believes that the telecom giant's continuous improvement in operating fundamentals and attractive valuations are sufficient to offset concerns about competition in SpaceX's Starlink mobile business.