UPDATE: JP Morgan Initiates Coverage on Verizon Communications
February 25, 2014 at 12:10 PM EST
In a note released Tuesday, JP Morgan initiated coverage on Verizon Communications (NYSE: VZ ) with an Overweight rating and announced a $57 price target. Looking at the current value of Verizon shares, the telecom services, cable and satellite analyst team at JP Morgan weighed in stating, "With the stock