Citi analyst Michael Rollins upgraded AT&T (T) to Buy saying the 11% pullback in shares since June 25 provides a near-term value opportunity. Consensus estimates remain too low for 2016 and the stock is not reflecting improving dividend coverage with upside potential from DIRECTV merger-related synergies, Rollins tells investors in a research note. He keeps a $37 price target for AT&T shares. The stock closed yesterday down 87c to $32.33. The analyst also moved Level 3 (LVLT) to his to pick in Telecom following the recent selloff. He keeps a Buy rating on the name with a $66 price target. Rollins also has a Buy rating on Crown Castle (CCI) with a $92 price target.