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Verizon +2.4% as Nomura upgrades to Buy, sees 15%-plus upside

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

Verizon (NYSE:VZ) is up 2.4% and inching close to its 52-week high (set in the first few trading days of 2017) after an upgrade to Buy at Nomura Instinet.

Jeffrey Kvaal had previously rated the stock Neutral, as have about two dozen other analysts.

But he's joining 10 others in the Buy column, and boosted his price target on the stock to $61 from $47, implying about 15% upside from today's higher price.

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