Raymond James raised the firm’s price target on T-Mobile to $196 from $185 and keeps a Strong Buy rating on the shares. T-Mobile reported a slight beat and raise in Q1, plus made its first noticeable investment in fiber, the analyst tells investors in a research note. T-Mobile is one of the 20 stocks on the 2024 Raymond James Analyst Best Picks and is still 2+ years ahead in 5G deployment including the most mid-band spectrum that the firm thinks will continue to drive subscriber and service revenue growth.
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