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Fly News Breaks for July 21, 2016
T, TMUS
Jul 21, 2016 | 07:31 EDT
Jefferies analyst Mike McCormack added T-Mobile (TMUS) to his Franchise Pick List while raising his price target for the shares to $55 from $45. The company's free cash flow is set to ramp amid continuing subscriber momentum, stabilizing ARPU trends and debt levels at manageable levels, McCormack tells investors in a research note. He keeps a Buy rating on the shares. McCormack this morning also removed AT&T (T) from his firm's Franchise Pick List.
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