Scotiabank Downgrades T-Mobile US to Sector Perform, Raises Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded T-Mobile US from Sector Outperform to Sector Perform, while raising its price target from $215.5 to $236.
October 18, 2024 | 1:26 pm
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Scotiabank has downgraded T-Mobile US from Sector Outperform to Sector Perform, indicating a more cautious outlook. However, the price target has been raised to $236, suggesting potential for price appreciation.
The downgrade from Sector Outperform to Sector Perform suggests a less optimistic view on T-Mobile's performance relative to its peers. However, the raised price target to $236 indicates that there is still expected upside in the stock price. This mixed message may lead to neutral short-term price movement as investors digest the implications.
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