Verizon price target raised to $56 from $55 at Tigress Financial

Tigress Financial raised the firm’s price target on Verizon (VZ) to $56 from $55 and keeps a Buy rating on the shares. The firm says that Verizon’s diversified communications services portfolio, driven by its customer segmentation strategy and AI-driven communications optimization mobile edge computing combined with its strong balance sheet and above-average dividend yield, continue to create a compelling investment opportunity.