Jim Cramer Discusses AT&T (T) Stock, Treasuries & Interest Rates

Group 1 - AT&T Inc. (NYSE:T) shares were upgraded by Keybanc from Sector Weight to Overweight, with a price target set at $30 [1] - Keybanc attributed the recent share pullback to "overblown" concerns regarding AT&T's Wireless business [1] - Jim Cramer expressed positive sentiment towards AT&T, highlighting its historical cheap valuation and current earnings multiple of 12 times, along with a dividend yield of 4.3% [2] Group 2 - Cramer noted that the stock is appealing for investors in their 50s and 60s, especially if treasury yields decline [2] - Despite the potential of AT&T as an investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk [2]