UPDATE: Jefferies Raises PT on T-Mobile USA Following Great 2Q Results
In a report published Thursday, Jefferies analyst Thomas Seitz reiterated a Buy rating on T-Mobile USA (NYSE: TMUS), and raised the price target from $25.00 to $28.00.
In the report, Jefferies noted, “In our view, TMUS' 2Q results were outstanding. After losing postpaid subs in every quarter for the past more than 2 years, TMUS reported 688k sub gains while churn declined to a record 1.58%. In its first quarter itself, we believe the disruptive ‘Uncarrier' strategy likely has started yielding positive results. We remain buyers of the stock and are raising TP to $28 (+$3).”
T-Mobile USA closed on Wednesday at $23.49.
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