Citi analyst Michael Rollins raised the firm’s price target on U.S. Cellular (USM) to $29 from $26 and keeps a Buy rating on the shares after Telephone and Data (TDS) and U.S. Cellular announced that each has decided to initiate a process to explore strategic alternatives for U.S. Cellular. The analyst believes U.S. Cellular has valuable assets and that the strategic review can identify and catalyze value creation for both sets o shareholders.
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