RBC Capital analyst Jonathan Atkin raised the firm’s price target on T-Mobile (TMUS) to $270 from $265 and keeps a Sector Perform rating on the shares. T-Mobile posted Q2 results ahead of expectations on EBITDA, free cash flow, and subscriber metrics, with guidance increased at the lower end by $100M for EBITDA, operating cash flow, and free cash flow, as well as for postpaid phone net additions, the analyst tells investors in a research note.
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