UBS downgrades Verizon (VZ -1% to $42.85) to "Neutral" from "Buy" and cuts its stock-price...

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

UBS downgrades Verizon (VZ -1% to $42.85) to "Neutral" from "Buy" and cuts its stock-price target to $44 from $48. UBS also reduces its Q4 EPS estimate to $0.46 from $0.51 on "lower-than-forecast wire-line and wireless profitability." Analysts say: "We believe the positive catalysts are mostly played out and we see downside to estimates."