Oppenheimer Reiterates Outperform on Verizon Communications, Maintains $43 Price Target
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Timothy Horan has reiterated an 'Outperform' rating on Verizon Communications (NYSE:VZ) and maintained a price target of $43.
August 22, 2023 | 12:47 pm
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Verizon Communications has been reiterated with an 'Outperform' rating by Oppenheimer, maintaining a price target of $43.
The reiteration of an 'Outperform' rating by a reputable analyst like Timothy Horan from Oppenheimer is a positive signal for Verizon Communications. This suggests that the analyst believes the company's stock will outperform the market or its sector in the near term. The maintained price target of $43 also indicates that the analyst sees potential for the stock's price to rise to this level. This could lead to increased investor confidence and potentially a short-term increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100