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AT&T (T) Stock Rated 'Buy' At Drexel

NEW YORK (TheStreet) -- Shares of AT&T (T - Get Report) are up by 0.42% to $39.35 on Thursday morning, as Drexel Hamilton rated the stock a "buy" with a $44 price target.

The firm's rating comes ahead of the company's May 20 investors' conference on cyber-security at AT&T's Global Network Operations Center (GNOC) in Bedminster, NJ. At the event, company experts will demonstrate how AT&T "defends the internet."

"The AT&T GNOC is the largest and most sophisticated command-and-control center of its kind in the world," Drexel analysts said in an investor note.

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Yesterday, AT&T announced that it...