AT&T shares rise after Raymond James upgrades, says stock cheap compared to Verizon
"The outlook for positive earnings growth combined with a strong de-levering story are likely to drive the shares to outperform," analyst Frank Louthan says. Verizon, meanwhile, is up about 20 percent. Telecommunications giant AT&T T rose 0.7 percent in the premarket Friday after an analyst at Raymond James upgraded the stock, noting it trades at a more attractive valuation than rival Verizon.