Morgan Stanley, JPMorgan give Verizon a lift

|About: Verizon Communications (VZ)|By:, SA News Editor

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.