Argus raised the firm’s price target on T-Mobile (TMUS) to $200 from $175 and keeps a Buy rating on the shares. The analyst is positive on the company’s Q4 earnings beat reported last month, with branded postpaid service revenue that outweighed lower results from other business lines. The Sprint acquisition is also a “strategic long-term positive” for T-Mobile relative to competitors Verizon (VZ) and AT&T (T), the firm added.
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Read More on TMUS:
- T Mobile US Is Worried About This – Should You Be Worried Too?
- T-Mobile price target raised to $185 from $180 at Deutsche Bank
- T-Mobile price target lowered to $204 from $207 at TD Cowen
- T-Mobile (NASDAQ:TMUS) Tanks on Tepid Q4 Earnings
- T-Mobile price target lowered to $175 from $183 at KeyBanc
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