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Fly News Breaks for April 23, 2018
VZ
Apr 23, 2018 | 07:16 EDT
Barclays analyst Amir Rozwadowski upgraded Verizon Communications to Overweight with an unchanged price target of $56. The company is better positioned than the current valuation implies, Rozwadowski tells investors in a research note. The analyst believes Verizon has "multiple levers" to support improving fundamentals that are not reflected in its "near historically low valuation levels." These include potential acquisitions, the trajectory of its margins and its ability to reignite service revenue growth. Rozwadowski expects the latter to improve in the second half of 2018.
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