Evercore Partners Downgrades Verizon To Hold

Analysts at Evercore Partners downgraded Verizon Communications Inc. VZ from Buy to Hold. The price target for Verizon Communications has been lowered from $55 to $51. Verizon shares have dropped 2.26% over the past 52 weeks, while the S&P 500 index has gained 9.45% in the same period. Verizon's shares rose 0.21% to close at $47.18 yesterday.