Barclays Downgrades Verizon Communications to Equal-Weight, Announces $44 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has downgraded Verizon Communications (NYSE:VZ) from Overweight to Equal-Weight and set a price target of $44.
January 31, 2024 | 10:33 am
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Barclays downgraded Verizon Communications to Equal-Weight and set a price target of $44, potentially impacting investor sentiment.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The new price target of $44 also provides a benchmark that may influence investor expectations and trading behavior.
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