Wells Fargo analyst Eric Luebchow raised the firm’s price target on T-Mobile to $165 from $160 and keeps an Overweight rating on the shares. T-Mobile reported relatively in line Q1 results, but the guidance increase suggests accelerating EBITDA and free cash flow throughout the year to provide support to shares, the analyst tells investors in a research note.
Published first on TheFly
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Read More on TMUS:
- T-Mobile price target raised to $184 from $174 at Raymond James
- T-Mobile raises FY23 core adjusted EBITDA view $28.8B-$29.3B from $28.7B-$29.2B
- T-Mobile reports Q1 EPS $1.58, consensus $1.48
- T Mobile options imply 3.3% move in share price post-earnings
- TMUS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
