Oppenheimer Reiterates Outperform on Verizon Communications, Maintains $43 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Timothy Horan has reiterated an Outperform rating on Verizon Communications (NYSE:VZ) and maintained a price target of $43.
December 19, 2023 | 1:02 pm
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Oppenheimer analyst reaffirms Outperform rating on Verizon Communications with a $43 price target, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a reputable analyst like Timothy Horan from Oppenheimer is a positive signal for investors, suggesting confidence in Verizon's future performance. The maintained price target of $43 indicates that the analyst believes the stock has potential to grow and is currently undervalued. This could lead to increased investor confidence and a potential short-term uplift in Verizon's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100