Bernstein Raises Verizon Target to $48, Cites Strong Subscriber and FWA Gains
Bernstein SocGen Group lifted its price objective for Verizon Communications to $48 from $44 while retaining a Market Perform recommendation. The upgrade follows a robust fourth quarter in which Verizon posted sizable postpaid phone additions and renewed momentum in fixed wireless access net additions. Analysts and investors are parsing how the car…