Verizon: UBS downgrades 'buy' rating
(CercleFinance.com) - UBS has downgraded its rating on the Verizon Communications share from "buy" to "neutral," maintaining its target price at 59 dollars, considering that the growth prospects for the telecommunications giant are now priced in.
The broker expects fundamentals in mobile telephony to remain healthy, but it sees the risk-reward as "more balanced". "TMUS/S approval could still provide some upside," it adds.
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