T-Mobile price target raised to $200 from $175 at Argus

Argus raised the firm’s price target on T-Mobile (TMUS) to $200 from $175 and keeps a Buy rating on the shares. The analyst is positive on the company’s Q4 earnings beat reported last month, with branded postpaid service revenue that outweighed lower results from other business lines. The Sprint acquisition is also a “strategic long-term positive” for T-Mobile relative to competitors Verizon (VZ) and AT&T (T), the firm added.