HSBC Maintains Buy on T-Mobile US, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Adam Fox-Rumley maintains a Buy rating on T-Mobile US (NASDAQ:TMUS) but lowers the price target from $185 to $165.
June 05, 2023 | 9:12 am
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HSBC maintains a Buy rating on T-Mobile US (NASDAQ:TMUS) but lowers the price target from $185 to $165.
HSBC's lowered price target may cause some short-term uncertainty for TMUS investors, but the maintained Buy rating indicates that the analyst still believes in the company's potential for growth. The impact on the stock price is expected to be neutral in the short term.
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