Verizon Communications (VZ) PT Raised to $55 at Goldman Sachs

Goldman Sachs raised its price target on Verizon Communications (NYSE: VZ) to $55.00 (from $50.00) while maintaining a Neutral rating.

Analyst Brett Feldman said the primary driver of our higher valuation is the material increase to EPS and FCF from tax reforms, which is now reflected in their model.

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