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Fly News Breaks for September 21, 2016
TMUS
Sep 21, 2016 | 09:05 EDT
Pacific Crest analyst Michael Bowen says that investors may be concerned about T-Mobile's failure to raise its annual guidance despite strong preliminary Q3 subscription metrics. Bowen says that strong iPhone 7 promotions could weigh on the company's margins, but he thinks that adding customers, taking market share and increasing service revenue are more important for the company. He recommends buying the stock and keeps a $53 price target and Overweight rating on the shares.
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