UPDATE: Goldman Sachs Raises PT on Verizon Communications, 'As momentum continues, strategic activity in focus'

In a report published on Friday, Goldman Sachs analyst Jason Armstrong raised the price target on Verizon (NYSE: VZ ) from $54 to $57 and maintained a Buy rating. In the report, Goldman Sachs stated, "We expect Verizon to report peer-leading growth and profitability metrics once again this quarter, despite a