T-Mobile remains a top pick after preannouncement at JPMorgan

T-Mobile preannounced strong customer results for Q4 after the close with the better postpaid phone performance driven by very low churn despite some gross add softness, JPMorgan analyst Philip Cusick tells investors in a research note. The analyst looks for "solid" service revenue growth and potentially better margins due to fewer gross adds when the company reports full Q4 results, but leaves his revenue and EBITDA estimates unchanged for now. T-Mobile is Cusick’s best long-term idea across his coverage and favorite communications services stock. He reiterates an Overweight rating on the shares with a $200 price target.