HSBC Initiates Verizon With Neutral

Analysts at HSBC initiated coverage on Verizon Communications

with a Neutral rating. The target price for Verizon Communications is set to $52.50. Verizon shares have surged 0.87% over the past 52 weeks, while the S&P 500 index has gained 14.39% in the same period. Verizon's shares fell 0.18% to $49.94 in pre-market trading.