T-Mobile price target raised to $176 from $174 at Citi

Citi analyst Michael Rollins raised the firm’s price target on T-Mobile to $176 from $174 and keeps a Buy rating on the shares. The analyst views the company’s Q4 results and 2023 outlook as favorable. T-Mobile remains well positioned to generate favorable service revenue growth, deliver significant core EBITDA growth, and repurchase a significant percentage of shares, the analyst tells investors in a research note.