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Verizon Stock Downgraded On Slower Wireless Growth

2014-11-24 17:20:26| Wireless - Topix.net

Michael Rollins, the Citigroup analyst, cut Verizon to neutral from overweight. He lowered his price point to 51 from 53. "We are reducing our rating on Verizon to neutral as we now expect below-consensus EPS for 2015 based on higher costs of capacity and slower revenue growth from greater rate plan competition," Rollins wrote in a research report Monday.

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