Barclays Upgrades Verizon Communications to Overweight, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has upgraded Verizon Communications from Equal-Weight to Overweight and raised the price target from $37 to $38.
October 25, 2023 | 10:02 am
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Verizon Communications has been upgraded to Overweight from Equal-Weight by Barclays, with a raised price target of $38.
The upgrade from Barclays indicates a positive outlook for Verizon Communications. The raised price target suggests that Barclays expects the stock to perform well in the short term. This could lead to increased investor interest and potentially a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100