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Fly News Breaks for February 15, 2017
TMUS
Feb 15, 2017 | 07:31 EDT
Jefferies analyst Mike McCormack raised his price target for T-Mobile to $71 saying the company's strong growth is set to continue following its Q4 results. The analyst expects both the net adds and cash EBITDA outlooks for 2017 to move higher. He sees, however, M&A speculation dictating near term share performance. McCormack removed T-Mobile from his firm's Franchise Pick list but keeps a Buy rating on the name.
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