As previously reported, Wells Fargo upgraded T-Mobile (TMUS) to Overweight from Equal Weight with a price target of $260, up from $250. The firm is swapping top carrier pick to T-Mobile for structurally higher 3-year free cash flow growth, continued network leadership and share gains, and capital allocation flexibility bolstered by buybacks. Wells remains Overweight rated on AT&T (T), while the near-term setup for Verizon (VZ) remains challenging.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- T-Mobile upgraded to Overweight from Equal Weight at Wells Fargo
- AMD upgraded, Micron downgraded: Wall Street’s top analyst calls
- T-Mobile upgraded to Outperform from Sector Perform at RBC Capital
- T Mobile call volume above normal and directionally bullish
- T-Mobile price target raised to $295 from $275 at Benchmark