Oppenheimer raised the firm’s price target on Verizon (VZ) to $48 from $43 and keeps an Outperform rating on the shares. The firm notes Verizon exited 2023 with strong momentum from major upgrades to its network, management, and go-to-market. Overall, Oppenheimer thinks Verizon is better positioned than two years ago, and views results as positive for AT&T (T) and neutral to T-Mobile (TMUS).
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