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Verizon Communications’ (VZ) fourth-quarter earnings will take a hit from intensifying wireless competition, says Jefferies, which also lowered its EPS estimate for 2015. Mike McCormack, a Jefferies analyst, maintained a buy rating and price target of 54 on Verizon’s stock. Shares in Verizon are nearly even in 2014 but down 6% from July 29. Phone company stocks have sagged amid aggressive marketing by T-Mobile US (TMUS), controlled by Deutsche Scalper1 News
Scalper1 News