By: Benzinga
UPDATE: Bank of America Reiterates $50 PO and Neutral Rating on Verizon on Potential Merger
In a report published by Bank of America, analyst David W. Barden reiterated his Neutral rating and $50 price objective on Verizon (NYSE: VZ ) Bank of America reported that, “The market environment is supportive of a potential merger, in our view: 1) VZ's equity valuation (PE of 17.4x, proportional
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