Morgan Stanley Sees Good Long-Term Factors for AT&T - AT&T (NYSE:T)

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In a report published Wednesday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on

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AT&T

(NYSE: T).In the report, Morgan Stanley noted, “AT&T hosted an analyst day in Atlanta yesterday to spotlight its key initiatives in the Internet of Things (IoT) space, specifically in connected car and home automation (Digital Life). Overall, the event showed solid momentum in both areas,and suggested a corporate focus on innovation, and leveraging the strengths of the company. In the near term, we expect the financial contribution will be modest, however.”AT&T closed on Tuesday at $35.24.