Tech firms protest proposed changes to U.S. net neutrality rules

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Verizon Communications (VZ) PT Lowered to $50 at BofA/Merrill Lynch

July 13, 2017 9:39 AM EDT

BofA/Merrill Lynch lowered its price target on Verizon Communications (NYSE: VZ) to $50.00 (from $59.00) while maintaining a Buy rating.

Analyst David W. Barden says that the change reflects 3 basic factors: (1) backing out the prospect of corporate tax reform in the next 12 months... More