RBC Capital raised the firm’s price target on Verizon to $40 from $36 and keeps a Sector Perform rating on the shares, previewing the company’s Q1 results with a model update. The firm expects Verizon to demonstrate wireless service revenue growth of 3.1% y/y and continue the momentum in gross additions, but also sees churn management as one of the company’s key priorities for FY24, the analyst tells investors in a research note.
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