Citigroup Upgrades Verizon Communications to Buy, Raises Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Rollins has upgraded Verizon Communications from Neutral to Buy and raised the price target from $39 to $40.
August 29, 2023 | 9:01 am
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Verizon Communications has been upgraded from Neutral to Buy by Citigroup, with a raised price target from $39 to $40.
The upgrade from Citigroup is a positive signal for Verizon Communications. The raised price target indicates that the analyst sees potential for the stock's price to increase, which could attract more investors and potentially drive the stock price up in the short term.
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