Verizon Communications Inc. vz lately reported third quarter Revenue of $34.2 billion and adjusted non-GAAP earnings per share of $1.32.

Both numbers exceeded Street’s expectations.

Shares fell after the results were released, with the New York-based telecoms company reporting disappointing net gains in postpaid phone subscribers. What Analysts Say:

See also: Verizon stock suffers as customers switch to AT&T, Telus

Raymond James

Analyst Frank Louthan reiterated an outperform rating while lowering the price target to $51 from $54.

“Verizon is drawing a line in the sand that they will see positive consumer additions on the post-payphone network in Q4 based on a variety of strategies they intend to employ to drive better customer retention, more in-store traffic, and tactical Promote marketing,” Louthan said in a note.

“The goal here is to grow gross results with more shots on target and fewer defectors, while reaping the rewards of what management believes will sequentially improve churn as the sticker shock from their price hikes wears off,” he added.

KeyBanc capital markets

Analyst Brandon Nispel maintains a sector weighting, citing the company’s mixed results for the third quarter.

Postpaid phone subscriptions are worse than consensus, “which does little to discourage the bear thesis that VZ has lost its network advantage and either VZ’s premium pricing or subscriber base will erode,” Nispel said. “The forecast for 2022 is being repeated, although that will likely be the case for 2023 with some headwinds.”

Check out other analyst stock reviews.

RBC capital markets

Analyst Kutgun Maral reaffirmed a Sector Perform rating and lowered the price target to $42 from $50.

“Continued momentum in Business Wireless, acceleration in fixed access, improving prepaid results, resilient postpaid ARPA growth and upside potential in Revenue/EBITDA/FCF estimates have been overshadowed by continued weakness in postpaid Consumer phone trends,” Maral wrote in a note.

“While we believe in the negative reaction…