Verizon Upgraded to Outperform at Oppenheimer
<p>Oppenheimer analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/VZ'>Verizon Communications Inc. (NYSE:VZ)</a> to Outperform from Perform with a $50 price target.</p>
<p>After almost two years (previously downgraded in Feb 2021), the analysts are getting constructive on the company again, expecting gradual stabilization-to-growth of its subscriber base, however mentioning that near-term trends could remain volatile, on (1) network quality improvement, (2) effective customer segmentation, and (3) good bundling of the company flourishing fixed wireless access service. </p>
<p>The analysts also expect strong free cash flow growth of 15% per year, as the company has passed peak investment and leverage.</p>

NYSE:VZ