UPDATE: Credit Suisse Initiates Coverage on T-Mobile US on Belief in Sustained Turnaround

In a report published Wednesday, Credit Suisse analyst Joseph Mastrogiovanni initiated coverage on

with an Outperform rating and $30.00 price target. In the report, Credit Suisse noted, “T-Mobile trades at a discount to peers, largely due to fear that a turnaround in its business can't last. We believe the company can sustain the turnaround and that valuation will move more in line with peers as management delivers results.” T-Mobile US closed on Tuesday at $25.09.