Scotiabank Reduces PT on AT&T (T) to $29.50, Reiterates ‘Sector Perform’ Rating

AT&T Inc. (NYSE:T) is included in our list of the most undervalued blue chip stocks to buy now.

On January 7, 2026, AT&T Inc. (NYSE:T) saw Scotiabank analyst Maher Yaghi reduce its price target on the stock from $30.25 to $29.50, while reiterating a ‘Sector Perform’ rating ahead of Q4 results. TheFly reported that the analyst expects revenue and EBITDA growth in the sector to remain positive despite elevated wireless promotional intensity during the holiday season. Accordingly, the firm signals a stable short-term outlook for its core operations.

Meanwhile, AT&T Inc. (NYSE:T) continues to enhance its service portfolio against peers such as T-Mobile and Starlink, announcing a partnership with American Airlines on January 6, 2026. The company will provide free in-flight Wi-Fi to loyalty program members, rolling it out on nearly all flights by early spring. With this initiative, the company remains strategically positioned in the growing in-flight connectivity market, with the move offering potential incremental revenue streams.

Moreover, the FCC approved the company’s $1.02 billion acquisition of UScellular spectrum licenses on December 4, 2025. This development strengthens the company’s network coverage, capacity, and performance. Additionally, the move bolsters AT&T Inc.’s (NYSE:T) long-term competitive positioning, enhancing service quality and supporting growth across wireless and broadband segments.

AT&T Inc. (NYSE:T) offers telecom and technology services across the U.S. and Latin America, including wireless, wireline, and broadband offerings for consumers and businesses.

READ NEXT: 7 Best Rising Tech Stocks to Buy Now and 12 Best Multibagger Stocks to Buy Heading into 2026.

Disclosure: None.