AT&T falls to three-decade low over worries about contamination cleanup costs

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AT&T falls to three-decade low over worries about contamination cleanup costs
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Industry analysts have been trying to calculate the potential costs and risks that may await phone carriers if they must clean up contamination due to lead-clad...

Industry analysts have been trying to calculate the potential costs and risks that may await the carriers.

With a service area that covers about 40% of U.S. homes plus an extensive long-distance network, “AT&T will have the largest exposure,” JPMorgan analyst Phil Cusick wrote in a note Friday. Citing the uncertainty around the outcome, Cusick cut his AT&T target price to $17 from $22.The lead concerns add to an already challenging year for the largest U.S. phone company.

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