RBC Capital analyst Jonathan Atkin raised the firm’s price target on Verizon to $46 from $42 and keeps a Sector Perform rating on the shares. The firm is adjusting its model by increasing phone net additions estimates on benign switching activity, the analyst tells investors in a research note. In Broadband, RBC sees fixed wireless access – or FWA – to continue at about 350K run rate, adding that it expects long runway for the business.
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