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  • Verizon shares drop on analyst downgrade

    Posted October 12, 2010 - 12:22 pm

    Shares of telecom giant Verizon Communications Inc. were down more than 2.5 percent in early trading Tuesday after Bernstein Research analyst Craig Moffett reduced his rating for Verizon to "underperform," Wall Street code for "get rid of this sucker."

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