These Analysts Revise Their Forecasts On Verizon After Q3 Results
Portfolio Pulse from Avi Kapoor
Verizon Communications Inc reported mixed Q3 results with flat sales growth and a slight EPS beat. Analysts revised their price targets, with UBS raising it to $44 and Scotiabank lowering it to $47.25. Verizon reiterated its FY24 guidance, and shares rose 1.9% post-announcement.
October 23, 2024 | 6:03 pm
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Verizon's Q3 results were mixed, with flat sales growth and a slight EPS beat. Analysts adjusted their price targets, with UBS raising it to $44 and Scotiabank lowering it to $47.25. Verizon reiterated its FY24 guidance, and shares rose 1.9% post-announcement.
Verizon's Q3 results were mixed, with flat sales growth and a slight EPS beat, which led to a positive market reaction with shares rising 1.9%. Analysts' price target adjustments reflect a cautious but slightly optimistic outlook, contributing to a short-term positive impact on the stock price.
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