5 Stocks Making Headlines on Monday

4. AT&T Inc. (NYSE:T) shares are 6.8% in the green as of 11:01 AM ET following the WarnerMedia spinoff. Analysts reacted positively to the development, with David Barden at Bank of America reiterating a Buy rating on AT&T Inc. (NYSE:T) with a price target of $25. He highlighted that the stock of the Dallas, Texas-based telecommunication services provider is undervalued, and the spinoff would simplify the business structure and unlock potential upside for investors. The significant decline in dividend from $2.08 to $1.11 has already been priced in the stock.

Overall, AT&T Inc. (NYSE:T) was held by 70 hedge funds at the end of Q4 2021. Citadel Investment Group is the leading investor in AT&T Inc. (NYSE:T), with a stake worth over $1 billion.