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

Dec. 12, 2017 12:38 PM ETVerizon Communications Inc. (VZ) StockVZBy: Jason Aycock, SA News Editor13 Comments
  • 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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