AT&T Stock Rebounds as Analysts See Recent Sell-Off as Overdone, Cite Strong Cash Flow and Dividend Support
• AT&T's stock price rose almost 3% on Thursday, well ahead of the broader market's 0.3% gain • The increase was fueled by several analysts raising their price targets on AT&T's stock • DZ Bank, TD Cowen, and Scotiabank all boosted their targets, although none are outright bullish on AT&T • The stock's sell-off on Wednesday was seen as an overreaction to AT&T's 2024 profit guidance, which disappointed • AT&T did post revenue growth and continues to generate strong cash flow to support its high dividend