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Benzinga

Business

Anusuya Lahiri

Here's Why Tigress Financial Remains Bullish On Verizon

Verizon Tigress Financial VZ Ivan Feinseth NYSE Verizon Communications Inc

Tigress Financial analyst Ivan Feinseth raised the price target on Verizon Communications Inc (NYSE:VZ) to $68 from $67 and reiterated a Buy rating on the shares. The price target implies an upside of 27%.
The analyst believes accelerating momentum in wireless and broadband will drive further share price gains for the company.
Verizon continues to benefit from the ongoing rollout of its "transformative" 5G network, Feinseth notes.
Price Action: VZ shares traded higher by 0.19% at $53.51 on the last check Friday.

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