Market News / Story
VZ, TMUS, T Stock Price Targets Cut By Scotiabank – Analyst Sees Higher Risk Of Disruption From SpaceX Spectrum Deal
Stocktwits ·
Stocktwits reports: Verizon Communications Inc. (VZ), T-Mobile US Inc. (TMUS), and AT&T Inc. (T) stocks remained in the spotlight as Scotiabank on Friday issued fresh price target cuts. The firm flagged a higher probability of long-term disruption and valuation pressure following SpaceX's latest U.S. spectrum acquisition. According to The Fly, Scotiabank lowered Verizon's price target to $50 from $51.50 and T-Mobile's to $212 from $217, maintaining ‘Outperform’ ratings on both. Analyst…