Key Calls (Verizon May Be Too Damn Expensive)

Key Calls (Verizon May Be Too Damn Expensive)

As tipped earlier in today's summary of upgrades, downgrades, and initiations, Wells Fargo has cut Verizon to Market Perform from Outperform. Basically, the rationale is that the shares have gotten too damn expensive. The stock has risen too far since the election relative to the performance of the broad market, Wells figures. Market's not loving it... "Can you hear me now?"... Via Wells Fargo We are downgrading shares of VZ from Outperform to Market Perform. This is NOT a call on its Q4
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