Verizon (VZ) Stock: $64 Target And Outperform Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Verizon (VZ) recently received a $64 price target from Cowen. These are the details.

The shares of Verizon (VZ) recently received a $64 price target from Cowen. And  Cowen analyst Gregory Williams is maintaining an “Outperform” rating on the shares.

Williams adjusted the rating while noting that the company reported downside Q 2022 results and cut the 2022 guidance. And Williams said that he remains biased and negative on Wireless gave intense competition and necessary 5G spending though he continues to still see the company’s healthy dividend as a defensible backstop.