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Verizon Stock Falls After Downgrade. Why These Analysts Are Concerned.
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Verizon Communications isn’t proving it can outperform, Wolfe Research argued on Wednesday. Analysts led by Peter Supino downgraded shares of the telecom company to Peer Perform from Outperform and removed their price target of $51. Verizon stock fell 3.3% to $41.99 in afternoon trading.
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