UPDATE: Janco Partners Initiates Buy, $44 on AT&T on Delivered Yield

Janco Partners initiates AT&T

with a Buy rating and a price target of $44. Janco Partners says, "We believe our point of view regarding AT&T's fundamentals is not dramatically different from other analysts. It is our belief regarding the general desirability of domestic dividend paying stocks that prompts this recommendation. We see AT&T as a classic “risk off” stock." T closed at $35.71 on Friday.