Such concerns led Oppenheimer analyst Timothy Horan to downgrade shares of AT&T to Perform from Outperform on Wednesday and removed his previous price target of $32. Rising competition from providers of satellite broadband, like Amazon Leo and SpaceX’s Starlink, could take market share from AT&T’s internet business. SpaceX is expected to go public next week, and Horan says the IPO will highlight the risks satellite poses to AT&T.

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Market

Top dow jones movers in Wednesday's session

ChartMill2026.06.03

Join us in exploring the top gainers and losers within the dow jones index in the middle of the day on Wednesday as we examine the latest happenings in today's session.

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Tech

Where Jim Cramer stands on CrowdStrike and Broadcom ahead of earnings

CNBC2026.06.03

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

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