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Fly News Breaks for October 26, 2016
T
Oct 26, 2016 | 08:21 EDT
Barclays analyst Amir Rozwadowski downgraded AT&T (T) to Equal Weight and lowered its price target to $39 from $45. The analyst said AT&T's acquisition of Time Warner (TWX) is a bold move but revenue synergies will take time to materialize and said investors will need to be patient regarding the likely extensive review process and ongoing competitive pressures.
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