UPDATE: BMO Capital Initiates Coverage On T-Mobile US
In a note released Tuesday morning, BMO Capital analyst Kevin Manning initiated coverage on T-Mobile US (NYSE: TMUS) with an Outperform rating and a $40.00 price target.
Manning believes that T Mobile's continued subscriber growth, as well as its acquisition potential, outweigh concerns with the company. In terms of the deal with Sprint, Manning said there is a 60 percent chance the deal will go through, which is above the consensus expectations.
Shares of T-Mobile are down 1.15 percent Tuesday.
Latest Ratings for TMUS
|Oct 2016||Goldman Sachs||Maintains||Buy|
|Aug 2016||Wells Fargo||Upgrades||Market Perform||Outperform|
|Aug 2016||Buckingham Research||Maintains||Buy|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.