Wells Fargo analyst Eric Luebchow raised the firm’s price target on Verizon (VZ) to $44 from $41 and keeps an Equal Weight rating on the shares. The firm cites the best postpay phone adds since 2019 in CEO Schulman’s first quarter at the helm. 2026 operating model is clearer – to prioritize healthy volume and retention while removing $5B in costs, Wells adds.
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