UBS analyst John Hodulik raised the firm’s price target on Verizon (VZ) to $44 from $43 and keeps a Neutral rating on the shares. Alongside Q3 results, Verizon provided a broadband strategy upside, pointing to continued fixed wireless growth, fiber expansion and higher capex, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon downgraded, Canadian Pacific upgraded: Wall Street’s top analyst calls
- Verizon launches Verizon Family app
- KeyBanc downgrades Verizon on limited room for EBITDA growth
- Verizon downgraded to Sector Weight from Overweight at KeyBanc
- Verizon price target lowered to $47 from $47.25 at Scotiabank