Market Overview

Bernstein Upgrades Verizon


Bernstein Research analyst Craig Moffett has boosted his rating on Verizon (NYSE: VZ) to "underperform" from "neutral" and boosted his price target on the stock to $27 from $25.

Moffett said both Verizon and rival AT&T (NYSE: T) have underperformed the market over the last year and Verizon now trades at a 13% discount to the broader market.

If Verizon were to get its hands on the iPhone, “subscriber growth would swing decisively from AT&T to Verizon," Moffett said.

Posted-In: Craig MoffettAnalyst Color News Upgrades Price Target Markets Analyst Ratings


Related Articles (T + VZ)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Strong Momentum At TUP To Carry Into 2010

NDAQ Beats Q4 Expectations, Reports Robust Cash Flows