Raymond James analyst Frank Louthan maintained Verizon Communications Inc (NYSE: VZ ) with an Outperform rating and a $64 price target (26% upside) ahead of its Q2 earnings results.
With a safe dividend yield and low leverage, the analyst believes investors value its consistently simpler story and longstanding network quality, which is expected to remain a focus of differentiation in the coming quarters.
Following recent commentary on the conference circuit and his conversations with management, he made slight adjustments ahead of 2Q22 earnings scheduled for July ... Full story available on Benzinga.com