UPDATE: Morgan Stanley Reiterates on Verizon Communications Following Sell Side Meeting

Loading...
Loading...
In a report published Tuesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating on
Verizon CommunicationsVZ
, but removed the $52.00 price target. In the report, Morgan Stanley noted, “Verizon management struck a constructive tone at a recent meeting with sell side analysts. Strong financial performance should continue, while operational metrics should improve going forward. A significant part of the discussion centered on the quarterly earnings, and the subsequent market sell-off. Management indicated that network issues late last year, and competitive actions, drove low end wireless churn, but metrics started to improve through the quarter, and, hopefully, 1Q churn represents a high water mark.” Verizon Communications closed on Monday at $46.60.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleySimon Flannery
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!

Loading...