HSBC Maintains Hold on Verizon Communications, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Adam Fox-Rumley maintains a Hold rating on Verizon Communications (NYSE:VZ) and lowers the price target from $42.5 to $39.
June 05, 2023 | 9:13 am
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HSBC maintains a Hold rating on Verizon Communications and lowers the price target from $42.5 to $39.
The lowered price target by HSBC analyst Adam Fox-Rumley indicates a less optimistic outlook for Verizon Communications. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100