BofA raised the firm’s price target on Verizon (VZ) to $45 from $41 and keeps a Neutral rating on the shares. The firm “nudged” its consolidated financial estimates “slightly higher” ahead of Q3 results to reflect steady progress on delivering low-single-digit growth in 2024, adding in its preview that it expects Verizon to reiterate 2024 guidance, expectations for positive annual consumer post-paid phone net adds, and discuss early demand for Apple’s (AAPL) iPhone 16.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon price target raised to $49 from $47 at Citi
- Verizon Business announces contract with South Carolina Army National Guard
- Verizon price target raised to $48 from $44 at Raymond James
- Verizon Business, Vay Technology enter 5G connected-vehicle deal
- Verizon price target raised to $46 from $42 at RBC Capital