T-Mobile price target raised to $255 from $250 at Benchmark

Benchmark raised the firm’s price target on T-Mobile (TMUS) to $255 from $250 and keeps a Buy rating on the shares after “encouraging” Q3 results, guidance revisions and management discussion of underlying operating momentum. The firm’s analysis “suggests higher valuation assessments (even in the $300 vicinity) if the market accedes to recognizing T-Mobile’s superior growth performance,” the analyst tells investors.