Morgan Stanley Comments on Verizon Communications

Morgan Stanley has published a research report on Verizon VZ anticipating a dividend increase. In the report, Morgan Stanley wrote, "In addition to potential lagging effects from a lackluster economic environment, significant pension/OPEB obligations may pressure cash flows and weigh in on the dividend increase decision, especially in a lower interest rate scenario and with little prospects of a market recovery lifting plan assets." Morgan Stanley rated Verizon an Equal-weight with no price target given. Verizon closed Tuesday at $35.96.