U.S. Cellular upgraded to Outperform from Market Perform at Raymond James
The Fly

U.S. Cellular upgraded to Outperform from Market Perform at Raymond James

Raymond James analyst Ric Prentiss upgraded U.S. Cellular (USM) to Outperform from Market Perform with an $86 price target Following the results of the 2024 Presidential election, the firm sees “significant upside” in shares of U.S. Cellular 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.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App