T-Mobile price target raised to $172 from $166 at RBC Capital

RBC Capital analyst Kutgun Maral raised the firm’s price target on T-Mobile to $172 from $166 and keeps an Outperform rating on the shares. The company’s Q4 results were "solid’ but its outlook was "unsurprisingly mixed", which is likely reflecting the management’s typical conservatism, the analyst tells investors in a research note. T-Mobile continues to execute against its growth opportunities across underpenetrated and new markets while leaning on its network advantage and benefiting from continued merger synergies, the firm added.