Deutsche Bank analyst Matthew Niknam recommends buying shares of American Tower (AMT) and Crown Castle (CCI) following the recent selloffs. The analyst thinks estimates have bottomed, fundamentals are "very strong" and that fears of a possible Sprint (S) and T-Mobile (TMUS) merger are overblown.

TD Cowen lowered the firm's price target on T-Mobile to $202 from $204 and keeps a Buy rating on the shares. The firm said they posted good 1Q24 results with upside phone adds, upside EBITDA, solid churn, record low UG rates, and an EBITDA guide raise.

RBC Capital raised the firm's price target on T-Mobile to $188 from $184 and keeps an Outperform rating on the shares. The company posted mixed Q1 results, with service revenues in line, EBITDA and free cash flow above, and total revenue shy relative to consensus expectations, though the management also increased the guidance ranges for postpaid net additions, core adjusted EBITDA, and free cash flow, the analyst tells investors in a research note. T-Mobile will continue to outpace its peers in postpaid/phone subscriber growth, the firm added.

KeyBanc analyst Brandon Nispel raised the firm's price target on T-Mobile to $185 from $175 and keeps an Overweight rating on the shares. T-Mobile reported mixed results, with service revenue slightly below expectations and adjusted EBITDA higher on better expenses, the analyst tells investors in a research note. The firm thinks 2024 guidance should be achievable and likely has upside and maintains that T-Mobile has created a sustainable 5G network advantage and subscribers will follow, and expects to see high single digit EBITDA growth and double digit free cash flow growth, which should be returned to shareholders.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here