Bernstein Cuts Verizon (VZ) to Underperform, $25 Price Target

October 12, 2010 8:16 AM EDT
Get Alerts VZ Hot Sheet
Price: $49.58 +0.90%

Rating Summary:
    15 Buy, 25 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 40
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Shares of Verizon (NYSE: VZ) are falling in this morning's pre-market session as an analyst at Sanford C. Bernstein downgraded the stock from Market Perform to Underperform. The firm maintained a $25 price target.

With shares of Verizon down 1.4% to $32.56 this morning, Bernstein's price target implies potential downside of about 23%.

Visit our Analyst Ratings page to track all the market-moving upgrades/downgrades on shares of Verizon.

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