Verizon Chairman & CEO to speak at Goldman Sachs conference September 9

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Go back to Verizon Chairman & CEO to speak at Goldman Sachs conference September 9

Citi on Verizon Communications (VZ) Bid for Frontier (FYBR): 'The deal has favorable industrial logic'

September 5, 2024 7:42 AM EDT

Citi analyst Michael Rollins reiterated a Buy rating and $47.00 price target on Verizon Communications (NYSE: VZ).

The analyst comments "Verizon announced the acquisition of Frontier (FYBR) for $38.50 per share in an all-cash deal. Run-rate cost synergies established at $500 million. Verizon reaffirmed 2024 guidance and... More