T-Mobile price target raised to $215 from $200 at Oppenheimer

Oppenheimer analyst Timothy Horan raised the firm’s price target on T-Mobile (TMUS) to $215 from $200 and keeps an Outperform rating on the shares after attending the company’s 2024 Capital Markets Day on Wednesday, the first since March 2021. Management recapped major milestones it achieved post-merger and laid out from its updated strategy and 3-year objectives. Oppenheimer came away incrementally positive on the company and the wireless industry and more negative on cable, given its updated FWA target of 12M by 2028, vs. prior 7.5M by 2025 and healthy pricing. Negatively, 2025 guidance was a touch disappointing as it loses Dish’s (SATS) revenue. The firm sees AI initiatives as positive for Amdocs (DOX) and Microsoft (MSFT).