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Investing.com — Morgan Stanley analysts are bullish on AT&T Inc (NYSE:) and T-Cell US Inc (NASDAQ:), score each shares “chubby,” on progress potential in fiber and wi-fi providers, respectively.
“We discover the US wi-fi {industry} construction right this moment supportive of progress, whereas broadband competitors seemingly intensifies,” analyst wrote.
AT&T, earlier “equal-weight,” was named a prime decide within the telecom and cable sector. Morgan Stanley (NYSE:) additionally raised its worth goal on the inventory to $28 from $19.
Whereas the financial institution downgraded Comcast Corp (NASDAQ:) to “equal-weight” as a result of challenges in broadband competitors and anticipated EBITDA progress stress in 2025.
Brokerage stated T-Cell shares have outperformed for years, however the tailwinds from model, customer support, and community management mixed with the shortage of headwinds from legacy income streams help industry-leading progress forward.
Morgan Stanley expressed warning on the broader cable section, sustaining “equal-weight” scores on Constitution and Liberty Broadband (NASDAQ:), and “underweight” score on Sirius XM (NASDAQ:).
The be aware additionally highlighted a cautious credit score outlook, recommending choose bonds in Constitution and EchoStar.
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