T-Mobile price target raised to $247 from $234 at Scotiabank

Scotiabank raised the firm’s price target on T-Mobile (TMUS) to $247 from $234 and keeps a Sector Perform rating on the shares. The company reported another “strong” quarter, with industry-leading subscriber growth and double-digit increase in profitability, the analyst tells investors. Additionally, the firm expects the company to experience continued momentum in service growth in FY25.