Morgan Stanley Sees Modest Wireless Revenue Growth for Verizon
Morgan Stanley on Thursday resumed coverage of Verizon and Frontier with an "equal weight" investment rating. The firm said Verizon appears to have a strategy for improving its performance in the wireless consumer space, and its loss of market share…
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should slow. "When we aggregate our view on moderating industry growth, Verizon's pricing premium, the competitive environment, and Verizon's strategy to improve its wireless performance, we see 2.5-3% annual wireless service revenue growth ahead with a bull case of [about] 3-4% and a bear case of [about] 2% in each of the next three years."