Wolfe Research analyst Peter Supino downgraded T-Mobile to Peer Perform from Outperform without a price target. Supino is concerned about slowing industry subscriber growth, fading Sprint churn benefits, long-term capital needs for home Internet, a "fair but full" consensus, and downside risk in the multiple, though he acknowledges that T-Mobile remains a great story, the analyst tells investors in a research note.
Published first on TheFly
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