KeyBanc analyst Brandon Nispel last night upgraded T-Mobile (TMUS) to Overweight from Sector Weight with a $260 price target The firm sees accelerating organic EBITDA growth with “upside levers” for T-Mobile. The company has an “advantageous” network position driving a competitive advantage for fixed wireless access, the analyst tells investors in a research note. In addition, KeyBanc believes T-Mobile’s balance sheet offers “optimal optionality.” It views the stock’s valuation as “compressed” relative to history and thinks the company’s Q1 results will serve as a catalyst.
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