RBC Capital raised the firm’s price target on T-Mobile to $188 from $184 and keeps an Outperform rating on the shares. The company posted mixed Q1 results, with service revenues in line, EBITDA and free cash flow above, and total revenue shy relative to consensus expectations, though the management also increased the guidance ranges for postpaid net additions, core adjusted EBITDA, and free cash flow, the analyst tells investors in a research note. T-Mobile will continue to outpace its peers in postpaid/phone subscriber growth, the firm added.
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