Nomura Instinet analyst Jeffrey Kvaal raised his price target for T-Mobile (TMUS) after a U.S. district court approved the company's acquisition of Sprint (S). While the analyst expects the state attorneys general to appeal, given the judge's unqualified opinion, he now ascribes the likelihood of closure to be ~80%. T-Mobile shares have neared a $93 standalone target, and thus may be more attractive for event-driven investors than fundamental investors for now, Kvaal tells investors in a research note. He keeps a Buy rating on T-Mobile.
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