Verizon: Canaccord Ups to Buy on Wireless, Wireline Prospects
Shares of Verizon Communications (VZ) are down 2 cents at $42.91 despite an upgrade to Buy from Hold by Canaccord Genuity’s Greg Miller, with a $50 price target, following the company’s Q4 report yesterday that included higher-than-expected revenue on activations of smartphones, including Apple‘s (AAPL) iPhone, but lower-than-expected profit per share. Wireless profit margin has [...]
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