AT&T Stock Is Now a Buy, This Analyst Says. Growth Potential Is Why.

AT&T


has had a strong year, and it’s now on pace for “sustainable long-term growth,” according to Argus Research.

Analyst Joseph Bonner upgraded shares of

AT&T


(ticker: T) to Buy from Hold and set a $24 price target on the stock. Bonner wrote that the company has strong growth potential due to its competitive standing and its performance in the current macroeconomic environment.