Jefferies Reiterates Buy, $45 PT on Verizon - Verizon Communications (NYSE:VZ)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Jefferies maintains its Buy rating and $45 price target on Verizon (NYSE: VZ) as it says the company's results for the fourth quarter were in line with revised expectations. Jefferies says, "Verizon posted largely an in-line quarter based on the company's revised outlook. While the stock could continue to take a breather due to Verizon's historically high relative valuation, given the underlying momentum in Verizon's business and our view that the macro recovery remains tenuous, wereiterate our Buy rating and $45 price target. In our view, investors with longterm outlooks should use any weakness as a buying opportunity."VZ closed at $38.40 a share yesterday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!