Citi raised the firm’s price target on Verizon to $49 from $47 and keeps a Buy rating on the shares. The firm expects Verizon to deliver solid Q3 results, showing steady progress towards meeting its full-year guidance. Citi think Verizon will highlight improving postpaid phone volumes with an upwardly revised outlook of 230,000, service revenue growth of 1.8% year-over-year and EBITDA growth of 1.5%.
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