Verizon price target raised to $48.50 from $48 at Scotiabank

Scotiabank raised the firm’s price target on Verizon (VZ) to $48.50 from $48 and keeps a Sector Perform rating on the shares. The company views the Telecom, Media, & Technology sector as a “great place to hide” during a period of increased uncertainty due to the economy and tariff wars, the analyst tells investors. The firm expects companies in this sector to meet expectations on the financial side, but some key performance indicators related to subscriber loading could come in light due to rapid reduction in population growth related to lower immigration.