In a report published Monday, Morgan Stanley analyst Simon Flannery resumed coverage on T-Mobile US TMUS with an Overweight rating and $31.00 price target.
In the report, Morgan Stanley noted, “We expect strong operating and financial performance in coming quarters, presenting a compelling entry point supported by attractive valuation after the recent pullback on fading M&A expectations. LT strategic optionality provides support. We resume coverage at OW with a $31 PT.”
T-Mobile US closed on Friday at $26.11.
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