Bernstein initiated coverage of Verizon (VZ) with a Market Perform rating and $48 price target The analyst noted that being the market leader has been tough, and Verizon has struggled, with postpaid net additions not only lagging behind the market but also being the lowest among the major MNOs. However, the firm feels the new management team are turning things around, and “ops metrics, postpaid net adds in particular, are moving in the right direction.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon initiated with a Market Perform at Bernstein
- U.S. Jobs Report Unlikely to Delay December Interest Rate Cut
- Verizon raises administrative fee to $3.50 per month, Android Police says
- Office Depot announces new agreement with Verizon for select retail locations
- Macy’s uncovers employee fraud, Summit to be acquired: Morning Buzz