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Fly News Breaks for May 22, 2018
S, TMUS
May 22, 2018 | 06:49 EDT
Citi analyst Michael Rollins believes the 11% pullback in shares of T-Mobile (TMUS) since the Sprint (S) merger was announced has created a buying opportunity. The analyst continues to believe T-Mobile shares can trade higher over the next 12 months in either a deal or no deal scenario with upside potential of 51% and 39%, respectively. He believes expectations are low and keeps a Buy rating on T-Mobile.