Verizon price target lowered to $64 from $68 at Tigress Financial

Tigress Financial analyst Ivan Feinseth lowered the firm’s price target on Verizon Communications to $64 from $68 and keeps a Buy rating on the shares. VZ‘s investments in building out its 5G network will start to pay off going forward, driving improved operational and financial performance, Feinseth tells investors in a research note. He cites the share re-rating for the target drop but says long-term 5G wireline and wireless subscriber growth "remains the big picture."