Wells Fargo raised the firm’s price target on U.S. Cellular (USM) to $85 from $75 and keeps an Overweight rating on the shares. The firm is encouraged by the company’s ability to monetize assets, and believes there’s more runway with its spectrum holdings and potentially towers portfolio.
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Read More on USM:
- UScellular Reports Third Quarter 2024 Earnings Amid Strategic Shifts
- U.S. Cellular reports Q3 adjusted EPS 26c, consensus 18c
- U.S. Cellular narrows 2024 revenue view to $2.95B-$3.0B from $2.95B-$3.05B
- Is USM a Buy, Before Earnings?
- M&A News: Verizon (NYSE:VZ) Will Pay $1B to Buy Spectrum from U.S. Cellular