FINWIRES · TerminalLIVE
FINWIRES

AT&T Faces Risks to Broadband, Mobile Subscriber Growth From Satellite Constellations, Oppenheimer Says

By

AT&T (T) faces risks to longer-term broadband and mobile subscriber growth from satellite low-earth orbit constellations, Oppenheimer analysts said in a Wednesday note.

The analysts said that relative to its telecommunications peers, AT&T has the most broadband exposure, but note it is less exposed than cable service providers.

Oppenheimer said that while AT&T is planning new fiber passings in over 60 million homes by 2030, penetration will likely disappoint, and the company may stop at 50 million.

The analysts said they expect the company to face pressure on subscriber and average revenue per user growth over the next several years.

Oppenheimer downgraded the stock's rating to perform from outperform.

Price: $23.79, Change: $-0.85, Percent Change: -3.43%

Related Articles

Wire

Micron, SanDisk Seen Benefiting From Extended Memory Supply Tightness, Morgan Stanley Says

Micron Technology (MU) and SanDisk (SNDK) are expected to benefit from sustained tight conditions in the global memory market, driven by ongoing supply constraints and strong AI infrastructure demand, Morgan Stanley said in a Wednesday note.According to the note, DRAM remains the main bottleneck in AI computing demand, while NAND supply is also tight, with limited capacity expansion and long production lead times keeping supply growth below demand.Morgan Stanley raised earnings estimates for Micron and SanDisk, citing stronger pricing and sustained hyperscaler demand, which are improving free cash flow and earnings visibility across the memory cycle.Looking ahead, the analyst expects continued upward revisions to earnings as supply-demand imbalances persist, while noting that AI-driven workloads are extending the duration of the current upcycle in memory markets, the note said.Morgan Stanley maintained its overweight rating for both stocks. It raised its price target to $1,050 from $520 for Micron, and to $1,750 from $1,100 for SanDisk.Price: $1067.03, Change: $+2.93, Percent Change: +0.28%

$MU$SNDK
Wire

BofA Securities Adjusts Price Target on Victoria's Secret & Co. to $95 From $68, Maintains Buy Rating

Victoria's Secret (VSXY) has an average rating of overweight and mean price target of $84.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $72.90, Change: $-7.16, Percent Change: -8.94%

$VSXY
Wire

BMO Capital Adjusts PT on Sherwin-Williams to $355 From $420, Maintains Outperform Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $382.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $297.90, Change: $+4.89, Percent Change: +1.67%

$SHW