Susquehanna analyst Shyam Patil raised his price target on Yahoo (YHOO) to $48 from $44 following Q3 results. The analyst said the company tried to provide traffic metrics to show that the recent security breach did not effect search numbers. In addition, the analyst feels the market is pricing in a larger valuation cut than what would possibly occur if Verizon (VZ) was able to make a case to lower its takeover price. Patil reiterated his Positive rating on Yahoo shares.

Ribbon Communications (RRBN) announced plans for a major network modernization program with Verizon (VZ) to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies. Verizon is leveraging Ribbon's portfolio of Voice Products including the vC20 Call Controller, G5 Line Access Gateway, G6 Universal Media Gateway, virtual and Cloud-native Session Border Controllers, and other products which allows for the consolidation and replacement of equipment with energy efficient, software-centric platforms while maintaining full feature functionality.

Wells Fargo lowered the firm's price target on Verizon to $40 from $44 and keeps an Equal Weight rating on the shares. The firm sees encouraging signs in Q1 - improvement in sub trends and limited churn from price-ups - offset by some softness in the business segment and prepaid. Wells would get more constructive when there's visibility on a sustainable improvement in sub trends.