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Stock impact report

Evercore calls Verizon top wireless pick on fiber, valuation as it upgrades stock [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
improving subscriber trends, fiber growth potential, and a compelling valuation following years of relative underperformance. Verizon (NYSE:VZ) shares are up 11% year-to-date, outpacing the broader S&P 500 but still trailing peers AT&T (NYSE:T) and T-Mobile, which have gained 19% and 16% respectively. We view VZ's relative underperformance as too punitive, Evercore wrote, pointing to consistent delivery on broadband targets, momentum in business wireless, and improving trends in postpaid phone subscribers. The firm raised its price target to $48 from $44, implying a 6.5x EV/EBITDA and 11.7x price-to-free-cash-flow multiple on 2026 estimates. When adjusted for expected asset-backed securities proceeds, the P/FCF drops to 9.7x—still at a discount to AT&T and T-Mobile. Evercore sees Verizon benefiting from defensive sector rotation amid macro uncertainty, with wireless stocks offering domestic exposure and limited tariff risk. It also flagged strategic upside from Verizon's p Show less Read more
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