Goldman Sachs analyst Michael Ng raised the firm’s price target on Verizon (VZ) to $55 from $50 and keeps a Buy rating on the shares. Q1 will feature new segment reporting, with Verizon notably altering subscriber-level disclosures to emphasize holistic KPIs like EBITDA, free cash flow, and customer accounts amid slowing postpaid phone growth, the analyst tells investors in a research note. Industry trends are expected to be stable for postpaid net additions, while postpaid ARPUs face pressure due to competitive pricing, back-book cuts, and targeted discounts, the firm says.
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