Wall Street Tells Scared Investors To Buy Verizon Stock

Barclays raised its Verizon price target to $47 from $43 (+$4, +9.3%) while keeping an Equal Weight rating. The firm cited the macro environment as a tailwind for telecom's defensive positioning; the upgrade is modestly positive but likely to have limited market impact beyond short-term analyst-driven flows.

Analysis

Barclays raised its Verizon price target to $47 from $43 (+$4, +9.3%) while keeping an Equal Weight rating. The firm cited the macro environment as a tailwind for telecom's defensive positioning; the upgrade is modestly positive but likely to have limited market impact beyond short-term analyst-driven flows.