Analyst John Hodulik of UBS downgraded to neutral from buy dueto lower earnings growth expectations, TheFly.com reported Sept. 28.
Hodulik reportedly reduced his estimates of AT&T's earningsby 3% due to an increase in the intensity of competition in wireless andincremental costs related to the roll out of DIRECTV Now.
The analyst reduced the price target for company shares to$43 from $46.