Citi raised the firm’s price target on T-Mobile to $184 from $176 and keeps a Buy rating on the shares. The analyst expects T-Mobile to report a solid Q1 performance with service revenue growth of 2% year-over-year, core EBITDA growth of 7%, and normalized fee cash flow growth of 25%. The firm updated its model for better postpaid phone net adds near consensus, while moderating its EBITDA outlook with a little more back-end loading than initially expected, partly on the better phone growth from prior estimates.
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