Verizon Stock Takes a Hit: Analyst Downgrade and CEO Shake-Up Rattle Investors
Analyst Downgrade and Stock Reaction Verizon’s stock sold off on Oct. 21 after BNP Paribas Exane analyst Sam McHugh downgraded the shares to Neutral and cut his target to $44 Tipranks. “The recent CEO change at Verizon has raised questions about strategy and how aggressively [the company] will be willing to defend share,” he wrote Tipranks. This follows broader investor…