Verizon's stock finally had a positive year. This bull sees bigger gains in 2024.

Verizon Communications Inc. shares eked out a 3% increase in 2023 to notch their first positive annual performance in five years. Could bigger gains be in store for 2024?KeyBanc Capital Markets analyst Brandon Nispel seems to think so, upgrading the telecommunications stock to overweight from sector weight late Tuesday. His price target of $45 implies more than 15% upside from Tuesday’s close of $38.88.Investors “are likely to see a deleveraging story with the potential for share repurchases” into 2025, Nis ...