Barclays Cuts AT&T (T) PT to $28 Following Q3 Results, Industry Concern

Group 1 - AT&T is considered one of the most undervalued large-cap stocks currently available for investment [1] - Barclays analyst lowered the price target for AT&T to $28 from $30, maintaining an Equal Weight rating due to concerns about the industry's growth trajectory [1][2] - KeyBanc analyst maintained a Hold rating on AT&T without setting a price target following the company's Q3 results [1][2] Group 2 - AT&T launched Connectopia, an immersive, AI-driven world-building experience at the Intuit Dome, powered by AT&T Fiber and 5G technology [2] - Connectopia features the world's first interactive AI experience that creates 8K worlds in real time, showcasing innovative technology and visuals [2] Group 3 - AT&T operates through two segments: Communications and Latin America, providing telecommunications and technology services globally [3] - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to AT&T [3]