Verizon Communications (NYSE:VZ) Upgraded to "Sector Outperform" at Scotiabank

NodeGuardian · 2026-03-16T19:09:27+00:00

Scotiabank upgraded Verizon to "sector outperform" with a new price target of $54.50 after strong Q4 results and positive FY2026 guidance. Institutional investors have shown increased confidence, raising ownership to around 62%.

NodeGuardian

2026-03-16 19:09:27

Abstract generation in progress

Scotiabank has upgraded Verizon Communications (NYSE:VZ) to “sector outperform” from “sector perform” and increased its price target to $54.50, suggesting a 6.51% upside. This upgrade follows Verizon’s strong Q4 results, where it surpassed EPS and revenue estimates, and provided robust FY2026 guidance. Institutional investors have also shown significant confidence in the company, with Norges Bank and other major firms increasing their stakes, bringing institutional ownership to approximately 62%.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.