Goldman Sachs Provides Color on Verizon

Goldman Sachs Provided color on Verizon VZ. In a research report published today, Goldman commented on the company's Q2 report, which came ahead of expectations. In the report, Goldman states, “Verizon exceeded expectations on nearly every measure with particularly strong volume metrics, again dominating share of wireless industry additions, with lower churn, and better margins. Wireline was better as well, with enterprise improvement and further margin gains.” At the moment, Goldman has a Buy rating and a price target of $42 placed on the company's stock. On Friday, VZ closed the day at $36.74. Its shares lost 0.76% of its value in today's pre-market trading to stand around $36.46.