Piper Jaffray Leaves AT&T Overweight, $34 PT Unchanged (T)

Piper Jaffray left its AT&T T Overweight rating and $34 price target unchanged in a research note published today.

In the report, Piper Jaffray states, "After recently completing our quarterly wireless surveys, we are reducing our 1Q postpaid net add estimate and our EPS estimate for AT&T. While we are reducing our postpaid add estimate, we still believe our estimate is ahead of consensus and that the company is weathering the loss of iPhone exclusivity better than many had feared."

Shares of AT&T were at $27.70 in Thursday after hours trading, down 0.14% from Thursday's market close.