AT&T Shares Drop After Oppenheimer Downgrade

AT&T shares declined after Oppenheimer downgraded the stock citing Starlink as a growing threat to telecom providers. The telecom giant has expanded its fiber network and invested heavily in 5G and balance sheet rebuilding. Oppenheimer's analysis highlights Starlink's potential to disrupt traditional wireless services. This shift raises investor concerns about AT&T's long-term competitive position.