Verizon and ITT Are on Analysts’ Radar as Upgrades Suggest More Gains Ahead

Group 1 - Wall Street is becoming more positive on infrastructure-related companies, with Scotiabank upgrading Verizon to Outperform and Barclays initiating coverage on ITT [2][6] - Scotiabank raised Verizon's price target to $54.50 from $50.25, citing strong subscriber growth and cost improvements as key factors [3][4] - Verizon's stock trades at a forward P/E of approximately 10x and has a dividend yield of 5.34%, with a year-to-date increase of nearly 26% [4][6] Group 2 - Scotiabank's analysis indicates a multi-year cost reduction strategy for Verizon, expecting further improvements in 2027 and 2028 [5] - Verizon reported postpaid phone net additions of 568,000 in Q4 2024, a 26.5% year-over-year increase, marking its best performance in over a decade [5] - ITT was initiated at Equal Weight with a price target of $220, while currently trading at $185.59, reflecting a decline of 8.12% after its acquisition of SPX FLOW [6]