Raymond James raised the firm’s price target on Telephone and Data (TDS) to $49 from $47 and keeps an Outperform rating on the shares following the announcement of the expected special dividend amount from the U.S. Cellular (USM)-T-Mobile (TMUS) deal, that is expected to close on August 1. There are no negative impacts from this Bigger, Faster, Stronger deal special dividend on the firm’s special dividend estimates or remaining value post-Big 3 deals, the analyst tells investors in a research note.
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