Morgan Stanley, JPMorgan give Verizon a lift


Morgan Stanley has resumed coverage on Verizon (VZ +2.8%) with an Overweight and $52 PT, and JPMorgan has added the carrier to its Focus List two days after resuming coverage with an Overweight and $57 PT.

MS' Simon Flannery calls Verizon's valuation "attractive," and likes its mobile competitive positioning. He suggests shares have been pressured by the impact of Vodafone's 1.27B-share distribution following the closing of the Verizon Wireless deal.

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Comments (3)
  • Bouchart
    , contributor
    Comments (1033) | Send Message
     
    Is Morgan Stanley raising the price target on Verizon because they need to issue debt or shares?
    27 Feb 2014, 01:27 PM Reply Like
  • Beardaddy
    , contributor
    Comments (55) | Send Message
     
    You would think that the price war on cell plans was over or something.
    27 Feb 2014, 02:35 PM Reply Like
  • Magnut
    , contributor
    Comments (110) | Send Message
     
    I am Long and strong VZ. Great long term hold and drip investment. Great company!
    27 Feb 2014, 09:28 PM Reply Like
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