Verizon stock downgraded amid fears of competition from SpaceX's Starlink in U.S. mobile market

HSBC downgraded Verizon stock to 'Reduce' due to concerns over competition from SpaceX's Starlink entering the U.S. mobile market. Bernstein also lowered its price target, citing long-term threats to Verizon's profits and growth. Analyst Jim Cramer echoed bearish views, warning investors against Verizon and AT&T due to Starlink's potential impact, especially in suburban areas. This signals growing investor caution about Verizon's future in a changing telecom landscape.