Citi analyst Michael Rollins raised the firm’s price target on T-Mobile (TMUS) to $254 from $210 and keeps a Buy rating on the shares as the firm updates its model ahead of Q3 results. The firm, which expects the focus for TMobile’s earnings to center on opportunities to continue to take share within under-penetrated segments and how it will look to balance volume and ARPU to sustain annual service revenue growth, views the Fiber business as accretive to its longer-term financials and supportive of mid-single-digit annual revenue growth and better annual EBITDA growth, the analyst tells investors in a preview.
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