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Fly News Breaks for June 24, 2016
TMUS
Jun 24, 2016 | 06:59 EDT
Nomura analyst Jeffrey Kvaal downgraded T-Mobile to Neutral and reduced its price target to $44 from $46. The analyst said competition should become more difficult in 4Q as iPhone 7 promos ramp and recent commentary by T-Mobile implies higher churn, which will limit net Q2 upside.
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