Scotiabank lowered the firm’s price target on T-Mobile to $185 from $186 and keeps an Outperform rating on the shares. The company’s results were inline with expectations, the analyst tells investors. T-Mobile continues to deliver outsized subscriber loading, which is leading the company to significantly outperform compared to its peers on the bottom line, the firm adds. Scotiabank continues to see upside in the company’s shares as free-cash-flow production improves in 2024/2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- T-Mobile and EQT Announce Joint Venture to Acquire Lumos and Build Out the Un-carrier’s First Fiber Footprint
- T-Mobile announces $163M in completed network upgrades in Arkansas
- Altice USA price target lowered to $2 from $3 at Loop Capital
- Delta Air Lines selects T-Mobile as preferred mobility partner
- TMUS, RCI, AMT: Which Telecom Stock Has the Most Upside Potential?