T-Mobile upgraded to Outperform from Perform at Oppenheimer

Oppenheimer analyst Timothy Horan upgraded T-Mobile (TMUS) to Outperform from Perform with a $260 price target The company reported an in-line quarter and modestly raised guidance, the analyst tells investors in a research note. The firm believes T-Mobile is positioned to use AI to raise prices, cut expenses, and grow new services. The company no longer discloses volume metrics which is another sign that it will focus on revenue per account growth, instead of postpaid phone adds, adds the firm.