Oppenheimer Upgrades Verizon (VZ) to Outperform, Sets $42 Price Target

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Shares of Verizon Communications (NYSE: VZ) are indicated to open higher Wednesday as an analyst at Oppenheimer upgraded the stock from Perform to Outperform earlier. The analyst set a new $42 price target on Verizon shares.

With the stock last trading at $35.40, Oppenheimer's new price target implies potential upside of about 19 percent.

Notably, shares of Verizon are down more than 4 percent since the beginning of June (just five trading sessions).

For more ratings news on Verizon Communications click here and for the rating history of Verizon Communications click here.

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