By: Benzinga
January 11, 2013 at 13:20 PM EST
Pivotal Research Group Reiterates Hold Rating, $32 PT on AT&T
In a report published Friday, Pivotal Research Group reiterated its Hold rating and $32.00 price target on AT&T (NYSE: T ). Pivotal Research Group noted, “AT&T and Verizon both had exceptionally strong quarters for smartphone activations. We are lowering our Q4 EPS estimate to account for the higher subsidies. We
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