Citi analyst Michael Rollins raised the firm’s price target on Verizon (VZ) to $55 from $50 and keeps a Buy rating on the shares. The firm sees “positive optionality” from Verizon’s streamlining of its cost structure and expanding its converged services. The company has the potential to return to annual service revenue growth in 2027 and improve EBITDA and free cash flow, the analyst tells investors in a research note.
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