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UPDATE: Jefferies Raises PT on T-Mobile USA Following Great 2Q Results

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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.

Latest Ratings for TMUS

DateFirmActionFromTo
Jul 2017Deutsche BankMaintainsHold
Jun 2017Drexel HamiltonInitiates Coverage OnBuy
Apr 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for TMUS
View the Latest Analyst Ratings

Posted-In: Jefferies Thomas SeitzAnalyst Color Price Target Analyst Ratings

 

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