BofA Adjusts Verizon (VZ) Outlook Amid Restructuring and Marketing Plans

Group 1 - Verizon Communications Inc. is recognized as one of the 15 Best DRIP Stocks to Own Right Now [1] - BofA analyst Michael Funk has reduced the price target for Verizon from $49 to $45 while maintaining a Neutral rating, citing better-than-expected results in consumer postpaid phone net losses and pricing strategy [2] - The company is undergoing a restructuring phase and ramping up marketing initiatives, which has led BofA to adjust its 2026 free cash flow multiple due to potential execution risks [2] Group 2 - CEO Daniel Schulman highlighted a strategic shift from a technology-focused approach to a customer-centric growth strategy, with plans to enhance the network foundation through increased investment in cybersecurity and convergence [3] - Verizon is in the process of acquiring Frontier, expected to close early next year, and has reaffirmed its cash flow guidance for 2025 to be between $19.5 billion and $20.5 billion, anticipating stronger cash flows in 2026 [3] - Verizon is a leading global telecommunications provider, offering a wide range of products and services to consumers, businesses, and government clients [4]