Raymond James upgraded Telephone and Data (TDS) to Outperform from Market Perform with a $51 price target Following the results of the 2024 Presidential election, the firm sees “significant upside” in shares of U.S. Cellular (USM) and Telephone and Data given the ongoing strategic review and announced asset sales at the former. The analyst now feels the regulatory path to approval is cleaner and timeline should be better. Raymond James is now less concerned about the negative catalyst of the T-Mobile (TMUS) deal not going through as currently proposed.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDS: