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Tuesday, December 12, 2017 9:49:05 AM
Nomura upgrades Verizon to buy from neutral and increases its price target on the telecom company to $61, citing the company's potential new streaming service.
Verizon stock is up more than 15 percent in the past month on hopes of tax cuts, according analyst Jeffrey Kvaal, who said the GOP tax plan could drive the company's earnings higher.
The addition of LTE Advanced and 5G in 2018 should lower the cost per gigabyte of data by a factor of 10x, explained the analyst, spelling greater savings for Verizon.
https://www.cnbc.com/2017/12/12/verizon-will-launch-over-the-top-service-nomura-instinet-predicts.html?__source=twitter%7Cmain
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