Morgan Stanley Feels Confident in Verizon Communications Ahead of 1Q14 Report
In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $52.00 price target on Verizon Communications (NYSE: VZ).
In the report, Morgan Stanley noted, “Our EPS estimate of 86c is in-line with consensus. Strong first quarter results could help the stock break out of the current $46 to $48 range, and remove the ‘flow back' overhang. Reiterate OW, with attractive absolute and relative value.”
Verizon Communications closed on Wednesday at $47.10.
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