Raymond James analyst Ric Prentiss raised the firm’s price target on U.S. Cellular (USM) to $84 from $78 and keeps an Outperform rating on the shares following the announcement of the expected special dividend amount from the U.S. Cellular-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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USM:
- U.S. Cellular sees special cash dividend of $22.50-$23.75 per share
- U.S. Cellular announces expected name change to Array Digital Infrastructure
- FCC approves T-Mobile’s acquisition of U.S. Cellular assets
- US DOJ closes investigation into transaction with T-Mobile, UScellular
- T-Mobile’s (TMUS) $4.4B Acquisition of U.S. Cellular Gets DOJ’s Blessing