Wells Fargo Maintains Overweight on T-Mobile US, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on T-Mobile US and increased the price target from $230 to $240.
October 24, 2024 | 2:38 pm
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Wells Fargo has reaffirmed its positive outlook on T-Mobile US by maintaining an Overweight rating and increasing the price target to $240, indicating confidence in the company's future performance.
The increase in price target from $230 to $240 by Wells Fargo suggests a positive outlook on T-Mobile US's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive impact on the stock price in the short term as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100