T-Mobile upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded T-Mobile (TMUS) to Outperform from Sector Perform with an unchanged price target of $270. The firm cites the stock’s valuation compression year-to-date and the company’s solid operating trends for the upgrade. T-Mobile will experience strong subscriber growth relative to its wireless peers in the near-term and unlock value from the UScellular acquisition in the medium-term, the analyst tells investors in a research note.