UPDATE: Morgan Stanley Resumes Coverage on T-Mobile US with Overweight Rating, $31 PT as Sell-Off Creates Opportunity

In a report published Monday, Morgan Stanley analyst Simon Flannery resumed coverage on

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.