A Bernstein analyst cut price targets on AT&T, T-Mobile and Verizon on views Elon Musk's Starlink poses a competitive threat. SpaceX stock fell.
Bernstein Cuts AT&T, Verizon, T-Mobile Price Targets Amid Starlink Threat
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The broadband business of Elon Musk's SpaceX (SPCX) poses a bigger near-term threat to AT&T (T), T-Mobile (TMUS), and Verizon Communications (VZ) than its wireless ambitions, says a Bernstein Research analyst, who cut his price targets on the three telecom firms on Monday. SpaceX stock fell amid a new bond sale to fund artificial intelligence and other projects. Also, shares…
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