BUZZ-Scotiabank upgrades T-Mobile on expected growth of US wireless market

Reuters
昨天
BUZZ-Scotiabank upgrades T-Mobile on expected growth of US wireless market

** Brokerage Scotiabank upgrades wireless provider T-Mobile TMUS.O to "sector outperform" from "sector perform" and ups PT to $277.50 from $275

** New PT a 12.9% upside to stock's last close

** Brokerage says the U.S. wireless market is still growing at an annual rate of around 8.5 million new subscribers

** Brokerage believes the company's financial guidance suggests strong growth in the second half of the year

** Scotiabank expects U.S. phone subscribers to increase 1.5% to 2% in 2025

** "We believe the path for growth in front of TMUS has not diminished" - Brokerage

** As of last close, TMUS stock up 9.5% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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