TheNewsRoom | Downgrades: VZ, X, ED

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Downgrades: VZ, X, ED

January 27, 2010

This morning, FBR downgraded shares of Verizon (VZ) from Outperform to Market Perform as growth in the wireless business its expected to slow. Making matters worse for the telecommunications giant will be the hit to earnings in 2010 that will result from the lower priced plans the company has introduced this year.