“Bernstein's Laurent Yoon won't touch the big telecoms now — no recommendation, more volatility coming.”
4 sources: bernsteinresearch.com, businessinsider.com, verizon.com, yahoo.com. Bernstein analyst Laurent Yoon downgraded AT&T to Market Perform in October 2026, leaving him with neutral (not buy) ratings on the five major wireless and cable stocks he covers. He said volatility seemed inevitable amid debate over SpaceX’s competitive impact; “won’t touch” is colloquial, since the stocks still have ratings and price targets.
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Bernstein cuts AT&T rating, says SpaceX will fuel ...