T-Mobile price target raised to $280 from $235 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on T-Mobile (TMUS) to $280 from $235 and keeps a Buy rating on the shares. The company’s “industry-leading” 5G high-speed network continues to drive wireless and wireline subscriber growth, while an increasing emphasis on AI and expanding industry partnerships will continue to drive revenue and cash flow growth, the analyst tells investors. The firm notes that its increased target represents a potential return with dividends of over 15% from current levels.