Wells Fargo Maintains Overweight Rating on AT&T (T), Adjusts PT to $27

Group 1: Company Overview - AT&T Inc. (NYSE:T) is recognized as one of the most undervalued large-cap stocks currently available for investment [1] - The company provides telecommunications and technology services globally, operating through two segments: Communications and Latin America [4] Group 2: Analyst Ratings and Price Targets - On January 26, Wells Fargo lowered its price target for AT&T from $29 to $27 while maintaining an Overweight rating, citing stronger-than-anticipated fundamentals for Q4 2025 that may lead to increased subscriber growth [1] - Barclays also reduced its price target for AT&T from $28 to $26 on January 13, assigning an Equal Weight rating, as part of a broader revision across the cable, satellite, and telecom services sector [3] Group 3: Market Sentiment and Competition - Despite the positive outlook for AT&T's performance, Wells Fargo expressed concerns about increased competition in the sector, which is expected to continue affecting investor sentiment [2] - Barclays highlighted that 2026 could be a crucial year for the industry, potentially requiring a shift in traditional capital allocation strategies due to industry convergence [3]