Verizon price target raised to $51 from $50.50 at Scotiabank

Scotiabank analyst Maher Yaghi raised the firm’s price target on Verizon (VZ) to $51 from $50.50 and keeps a Sector Perform rating on the shares. While the company delivered in-line top and bottom-line results in Q3, consumer net loading remains negative, the analyst tells investors. The firm believes more steady improvement in subscriber trends and churn reduction is necessary for the stock to see a positive momentum.