Tigress Financial analyst Ivan Feinseth raised the price target on Verizon Communications Inc. to $68 from $67 and reiterated a Buy rating on the shares. The price target implies an upside of 27 percent.
The analyst believes accelerating momentum in wireless and broadband will drive further share price gains for the company.
Verizon continues to benefit from the ongoing rollout of its “transformative” 5G network, Feinseth notes.
By Anusuya Lahiri
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