Barclays Maintains Overweight on Verizon Communications, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has maintained an Overweight rating on Verizon Communications (NYSE:VZ) and increased the price target from $42 to $44.
January 26, 2024 | 7:12 pm
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Barclays has maintained an Overweight rating on Verizon Communications and raised the price target from $42 to $44, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a bullish sentiment on Verizon's stock, suggesting that the analyst sees potential for the stock to rise to the new target price. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100