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Barchart
Wajeeh Khan

Why the SpaceX IPO Is Sending AT&T Stock Down Today

AT&T (T) shares are under significant pressure on June 3 after Oppenheimer analyst Timothy Horan downgraded them to “Perform” and stripped the price target entirely.

In his research note, Horan issued a sweeping warning that satellite broadband is no longer a distant threat for AT&T now that SpaceX is set to debut on Nasdaq next week.

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