UPDATE: Janco Partners Initiates Buy, $44 on AT&T on Delivered Yield
Janco Partners initiates AT&T (NYSE: 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.
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