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cintrix

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cintrix

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Re: None

Tuesday, 01/03/2017 10:16:33 AM

Tuesday, January 03, 2017 10:16:33 AM

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Verizon upgraded to Buy from Neutral at Citi Citi analyst Michael Rollins upgraded Verizon Communications to Buy and raised his price target for the shares to $60 from $55. The shares closed Friday down 36c to $53.38. The stock can reach $69 if everything were to go the company's way with respect to spectrum, tax reform, and its growth strategy for 5G, Rollins tells investors in a research note. He sees potential for valuation expansion citing Verizon's improving cash flow and expanding addressable market for revenue.

Read more at:
http://thefly.com/landingPageNews.php?id=2482682
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