JPMorgan analyst Sebastiano Petti lowered the firm’s price target on T-Mobile (TMUS) to $275 from $300 and keeps an Overweight rating on the shares. The firm views the company’s Q1 results as strong, highlighted by better postpaid account net adds. JPMorgan sees an attractive valuation at current share levels. T-Mobile offers a “compelling entry point” at these levels, the analyst tells investors in a research note.
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Read More on TMUS:
- T-Mobile price target lowered to $224 from $253 at Goldman Sachs
- T-Mobile price target lowered to $220 from $270 at BofA
- UBS Lifts T-Mobile Price Target to $300 on Strong Growth, Free Cash Flow, and Attractive Valuation
- Michael Funk Reaffirms Hold on T-Mobile as Strong Results Meet Valuation Constraints, Trims Price Target to $220
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