Why SpaceX’s IPO Is Driving AT&T Stock Down Today
AT&T (T) stock is under significant pressure on June 3 after Oppenheimer analyst Timothy Horan downgraded it to “Perform” and removed the price target entirely. In his research note, Horan issued a broad warning that satellite broadband is no longer a distant threat to AT&T now that SpaceX will debut on Nasdaq next week. More…