T-Mobile price target lowered to $245 from $275 at Argus

Argus lowered the firm’s price target on T-Mobile (TMUS) to $245 from $275 and keeps a Buy rating on the shares. T-Mobile shares have declined since September, likely driven by investor concerns over decreasing returns from acquisitions, though the company continues to add wireless subscribers as it expands its fixed wireless access, FWA, broadband business, the analyst tells investors in a research note. New partnerships should also bring exposure to the fiber broadband market and provide optionality for the company should demand for high-speed internet bandwidth at some point exceed the capacity of its 5G FWA network, the firm added.