Raymond James analyst Frank Louthan raised the firm’s price target on Verizon to $48 from $44 and keeps an Outperform rating on the shares. The name remains defensive, making the total return story compelling, the analyst tells investors in a research note. Verizon’s longer term fundamentals remain in good shape, with consistent results and mostly domestic, predictable, recurring revenue, and the shares remain attractive, the firm says.
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