T-Mobile (TMUS) PT Raised to $46 at Nomura, Remains Sidelined
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Nomura Securities analyst Jeffrey Kvaal lifted his price target on T-Mobile US, (NASDAQ: TMUS) to $46.00 (from $44.00) but maintained a Neutral rating.
Kvaal commented, "T-Mobile posted another solid quarter of in-line to above consensus metrics, despite rising 3Q competition that plagued rivals. Higher net add guidance sets the stage for FY17 FCF growth. We modestly raise our estimates and TP to $46. However, TMUS had previewed solid net adds on 9/20; TMUS 's view the T deal would cause 'all kinds of consolidation' likely drove the shares' rise."
FY16E EPS from $1.29 to $1.45; FY17E EPS from $1.65 to $1.60.
Shares of T-Mobile US, closed at $51.19 yesterday.
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