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

October 12, 2010 8:16 AM EDT
Get Alerts VZ Hot Sheet
Price: $47.84 --0%

Rating Summary:
    15 Buy, 26 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 26 | New: 7
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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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