T-Mobile Announces Proposed Public Offering of Senior Notes

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T-Mobile (TMUS) the 'best house on a bad block' but now fairly valued claims MoffettNathanson

February 6, 2023 11:50 AM EST

MoffettNathanson analyst Craig Moffett downgraded T-Mobile (NASDAQ: TMUS) to Market-Perform from Outperform with a $17 per share price target in a note Monday.

The analyst titled the note based on the Q4 2022 wireless industry as "the great deceleration." MoffettNathanson has been historically bullish on T-Mobile shares, previously labeling it as "the best house on a bad block."

"Our relatively bearish view of the wireless industry notwithstanding,... More