Verizon price target raised to $47 from $45 at Raymond James

Raymond James raised the firm’s price target on Verizon (VZ) to $47 from $45 and keeps an Outperform rating on the shares. The name remains defensive, making the total return story compelling, the analyst tells investors in a research note. The longer term fundamentals of Verizon remain in good shape, with consistent results and a 6% yield, and the firm believes the shares remain attractive.