RBC Capital downgraded T-Mobile (TMUS) to Sector Perform from Outperform with a price target of $240, down from $255, as fundamentals remain intact, but valuation appears full. The firm has updated its valuation model to reflect the higher interest rate environment. Although execution appears solid, RBC sees less favorable reward/risk based on current valuation and what it views as stronger prospects elsewhere.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- China’s hackers worked deeper inside U.S. telecom networks, WSJ reports
- T-Mobile (TMUS) Board Member Loads Up on Company Stock
- Appeals court blocks Biden administration’s net neutrality rules, Reuters says
- 3 Key Things That Can Hold Back Apple (AAPL) Stock in 2025
- AT&T assumed at Overweight, named ‘Top Pick’ at Morgan Stanley