Scotiabank Maintains Sector Perform on Verizon Communications, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Maher Yaghi maintains a Sector Perform rating on Verizon Communications (NYSE:VZ) but lowers the price target slightly from $47.25 to $47.
October 23, 2024 | 5:51 pm
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Scotiabank's analyst Maher Yaghi maintains a Sector Perform rating on Verizon Communications but slightly lowers the price target from $47.25 to $47, indicating a cautious outlook.
The maintenance of a Sector Perform rating suggests a neutral stance, while the slight reduction in the price target indicates a minor negative adjustment in expectations. This is likely to have a neutral short-term impact on Verizon's stock price as the change is minimal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100