Verizon's flexible mobile plans drive subscriber additions, strong forecast
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January 25, 2024 9:03 AM EST
Tigress Financial Partners analyst Ivan Feinseth raised the price target on Verizon Communications (NYSE: VZ) to $50.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on VZ and increase our 12-month target price to $50 as 2023 was highlighted by strong subscriber and cash flow growth, completing a turnaround, and should see further acceleration in 2024, driving a recovery in revenue and cash flow growth, which, combined with its significant dividend yield, will continue to create a compelling investment opportunity. VZ recently reported Q4 results highlighting strong subscriber and cash flow growth... More
January 24, 2024 1:46 PM EST
Daiwa Capital Markets upgraded shares of Verizon Communications (NYSE: VZ) to Outperform from Neutral in a note to clients Thursday, raising its price target for the stock to $47 from $36 per share.
Analyst Jonathan Kees said, "the ship is turning," and they are... More
