Telecom Stocks Slammed As Analyst Drops Coverage Recommendation On Sector
Bernstein's Laurent Yoon no longer recommends any major telecom stock, citing a prolonged SpaceX threat to AT&T.
Telecom stocks had what one analyst called a horrible trading day on October 12 after Bernstein's Laurent Yoon said he no longer recommends any major telecom stock, warning SpaceX could pressure AT&T for a prolonged stretch.
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