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AT&T stock pops on Wells Fargo upgrade; a top telecom idea for 2023

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AT&T (NYSE:T) stock is up over 1% today after Wells Fargo analysts upgraded to Overweight from Equal Weight with a $22 per share price target (up from the prior $17).

AT&T stock is also named a Top Idea for 2023 across Wells Fargo's research coverage of telecom stocks. The other two names in this category are Frontier Communications (NASDAQ:FYBR) and T-Mobile US (NASDAQ:TMUS).



Shares of Boeing (NYSE:BA) are down over 2.5% in pre-market Tuesday after Morgan Stanley analysts downgraded to Equal Weight from Overweight.

They believe Boeing shares are approaching "fair value" following the recent outperformance. Boeing stock is up about 70% since early October and it closed at $208.57 yesterday.







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