2010 Expected To Be A Good Year For Verizon (VZ)

Michael Rollins, an analyst at Citigroup, has reiterated a Buy on Verizon Inc (NYSE: VZ) with a price target of $34.00.

2010 is expected to be a year of inflection for Verizon with better EPS growth prospects due to increasing wireless gains, improving wire-line revenue from recovering enterprise segment and an improving execution of cost cutting. ARPU is also expected to grow, albeit slowly. There is however a slight short term trading risk of $2-3/share which could be cushioned by current dividend yields.

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