Citigroup Maintains Buy on Verizon Communications, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Michael Rollins has reaffirmed a Buy rating on Verizon Communications (NYSE:VZ) and increased the price target from $40 to $42.
December 14, 2023 | 7:47 pm
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Citigroup analyst Michael Rollins maintains a Buy rating on Verizon Communications and raises the price target from $40 to $42.
The increase in price target by Citigroup is a positive endorsement of Verizon's stock, suggesting that the analyst sees potential for growth beyond the current price. This could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100