Investing.com — Morgan Stanley analysts are bullish on AT&T Inc (NYSE:T) and T-Cell US Inc (NASDAQ:TMUS), ranking each shares “chubby,” on development potential in fiber and wi-fi companies, respectively.
“We discover the US wi-fi {industry} construction as we speak supportive of development, whereas broadband competitors probably intensifies,” analyst wrote.
AT&T, earlier “equal-weight,” was named a prime choose within the telecom and cable sector. Morgan Stanley (NYSE:MS) additionally raised its value goal on the inventory to $28 from $19.
Whereas the financial institution downgraded Comcast Corp (NASDAQ:CMCSA) to “equal-weight” as a consequence of challenges in broadband competitors and anticipated EBITDA development strain in 2025.
Brokerage mentioned T-Cell shares have outperformed for years, however the tailwinds from model, customer support, and community management mixed with the dearth of headwinds from legacy income streams help industry-leading development forward.
Morgan Stanley expressed warning on the broader cable section, sustaining “equal-weight” rankings on Constitution and Liberty Broadband (NASDAQ:LBRDA), and “underweight” ranking on Sirius XM (NASDAQ:SIRI).
The observe additionally highlighted a cautious credit score outlook, recommending choose bonds in Constitution and EchoStar.
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