AT&T (T) Price Target Trimmed to $29

Group 1 - AT&T Inc. is recognized as one of the 7 Best Fortune 500 Dividend Stocks to invest in currently [1] - The company operates as a major telecommunications provider in the US, offering services such as mobile wireless (5G and 4G), fiber and broadband internet, enterprise communications, and entertainment [2] - Citi has reduced its price target for AT&T from $32 to $29 while maintaining a 'Buy' rating, anticipating solid Q4 results and alignment with its fiscal 2025 outlook [3] Group 2 - The Federal Communications Commission (FCC) approved AT&T's acquisition of wireless spectrum licenses for $1.02 billion, which is expected to enhance network coverage, capacity, and performance [4] - The approval was contingent upon AT&T's commitment to discontinue its diversity, equity, and inclusion programs, a requirement imposed by the FCC since the Trump administration [5]