AT&T (T) NewsBite - AT&T Price Target Cut at Credit Suisse

Posted on Tuesday, August 19, 2008 3:03 PM
AT&T (NYSE: T) opened at $31.27. So far today, the stock has hit a low of $30.63 and a high of $31.32. T is now trading at $30.77, down $0.63 (-2.00%). Over the last 52 weeks the stock has ranged from a low of $29.72 to a high of $42.97. Shares of T are trading lower after an analyst at Credit Suisse lowered his price target on the stock to $36 from $39. Technical indicators for the stock are bullish and S&P gives T a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on T the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 34 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

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