BofA Securities Reiterates Buy Rating on T-Mobile US, (TMUS)

BofA Securities analyst David Barden reiterated a Buy rating and $220.00 price target on T-Mobile US, (NASDAQ: TMUS).

The analyst comments "Ahead of 3Q results we have made minor changed to our TMUS financial model. We adjusted equipment margins slightly to reflect expected seasonality and volume trends which flow through to core adjusted EBITDA, moving 3Q slightly higher and 4Q slightly lower. We expect a largely in-line quarter. Had there been any material developments during the quarter, Management would have updated the Street at its Sept 18th capital markets day. We maintain our Buy rating given TMUS’s peer leading growth, low leverage, and shareholder friendly capital return program."

For an analyst ratings summary and ratings history on T-Mobile US, click here. For more ratings news on T-Mobile US, click here.

Shares of T-Mobile US, closed at $205.18 yesterday.

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