Wells Fargo Maintains Equal-Weight on Verizon Communications, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Equal-Weight rating on Verizon Communications (NYSE:VZ) but lowered the price target from $40 to $36.
July 20, 2023 | 12:49 pm
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Verizon's price target has been lowered from $40 to $36 by Wells Fargo, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Wells Fargo indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Verizon's stock price.
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