Loading...
Loading...
Jefferies maintains its Buy rating and $45 price target on Verizon
VZ as it says the company's results for the fourth quarter were in line with revised expectations.
Jefferies says, "Verizon posted largely an in-line quarter based on the company's revised outlook. While the stock could continue to take a breather due to Verizon's historically high relative valuation, given the underlying momentum in Verizon's business and our view that the macro recovery remains tenuous, we
reiterate our Buy rating and $45 price target. In our view, investors with longterm outlooks should use any weakness as a buying opportunity."
VZ closed at $38.40 a share yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in