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TMUS

T-Mobile

$78.56

-0.04 (-0.05%)

, S

Sprint

$5.89

-0.0599 (-1.01%)

09:46
12/02/19
12/02
09:46
12/02/19
09:46

States likely to prevail against T-Mobile and Sprint, says Cowen

After reading the pre-trial briefs from the state attorneys general, Cowen macro analyst Paul Gallant believes the states are likely to prevail in their case to block the proposed meeting between T-Mobile (TMUS) and Sprint (S). The trial starts next Monday, December 9, and the analyst pegs the chances of the states winning at 60%. The wireless market concentration likely will create a presumption of harm that won't be easy for T-Mobile to overcome given court precedent and the Department of Justice's own analysis of the merger, Gallant tells investors in a research note. Shares of T-Mobile are down 1% in early trading to $77.77 while Sprint is down 2% to $5.82.

TMUS

T-Mobile

$78.56

-0.04 (-0.05%)

S

Sprint

$5.89

-0.0599 (-1.01%)

  • 09

    Dec

TMUS T-Mobile
$78.56

-0.04 (-0.05%)

11/14/19
HSBC
11/14/19
DOWNGRADE
HSBC
HSBC downgrades AT&T, Verizon, T-Mobile and Altice USA to Hold
HSBC analyst Sunil Rajgopal downgraded to Hold from Buy shares of AT&T (T), Verizon Communications (VZ), T-Mobile (TMUS) and Altice USA (ATUS). The analyst's only Buy in US Telecoms is now Comcast (CMCSA). Rajgopal keeps Reduce ratings on both Dish (DISH) and Sprint (S). The "evolving content business model" and increasing competition leads the analyst to be more cautious on the pay-TV business and operators with greater exposure to content revenues. Producers are increasingly distributing their content directly to consumers rather than relying on the cable and satellite aggregators, Rajgopal tells investors in a research note. In addition, the entry of a "well-funded" companies like Apple (AAPL) into content production and distribution "with its low sticker price adds to the concerns," contends the analyst. Rajgopal cut his pay-TV subscriber estimates for Comcast, AT&T, Charter and Altice USA to reflect his more cautious stance. The analyst lowered his price target for Altice USA to $28 from $30, raised his price target for AT&T to $42 from $38, raised his price target for Verizon to $65 from $62, and kept an $86 price target on T-Mobile.
11/14/19
11/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Hold at Maxim with analyst Nehal Chokshi saying his survey data lead him to project iPhone revenue in fiscal Q2 that is 14% below consensus iPhone revenue that is 6% below consensus for fiscal year 2020. He also expects operating profit to decline year-over-year due to his below consensus iPhone view. 2. Kraft Heinz (KHC) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying shares are up 15% since the company reported Q3 results on October 31. 3. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) downgraded to Hold from Buy at HSBC. 4. Myomo (MYO) downgraded to Neutral from Buy at Roth Capital with analyst Scott Henry saying he sees lowered future expectations for the company after its Q3 results missed expectations. 5. Albemarle (ALB) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison saying "challenging" lithium market dynamics are now anticipated to continue though 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/19
WBLR
11/18/19
NO CHANGE
WBLR
Outperform
Legere's departure won't impact T-Mobile, Sprint deal, says William Blair
After T-Mobile (TMUS) announced that CEO John Legere would step down at the end of his contract on April 30, 2020, William Blair analyst Jim Breen said that while he believes that Legere's departure is a "loss" to T-Mobile, it will not impact the company's ability to close and integrate the merger with Sprint (S). In a research note to investors, Breen says he also does not think the departure will impact the company's ability to continue to disrupt the wireless industry. The analyst keeps an Outperform rating on T-Mobile shares.
11/18/19
WELS
11/18/19
NO CHANGE
WELS
Outperform
T-Mobile CEO transition 'not a big surprise,' says Wells Fargo
After T-Mobile (TMUS) announced that the CEO role will transition to Mike Sievert from John Legere, Wells Fargo analyst Jennifer Fritzsche said the news was "not as big as we thought," noting that the company was very clear that the announcement "in no way changes its view on getting the Sprint (S) deal done." Fritzsche tells investors in a research note that sources say T-Mobile had a recent board meeting just last week, and believes such a transition removes uncertainty, adding that as president of T-Mobile, Mike Sievert has taken a very public role with the Street with an extremely strong track record in the wireless space. She keeps an Outperform rating on the shares.
S Sprint
$5.89

-0.0599 (-1.01%)

10/29/19
RHCO
10/29/19
NO CHANGE
Target $95
RHCO
Buy
T-Mobile price target raised to $95 from $80 at SunTrust
SunTrust analyst Greg Miller raised his price target on T-Mobile (TMUS) to $95 and kept his Buy rating, saying the company's Q3 results continue to "demonstrate strength" of its "UnCarrier strategy" and its ability to capture market share in a more "competitive and mature" market place. The analyst further states that he remains optimistic that the company's can close its Sprint (S) merger with only an approval by federal regulators and contends that T-Mobile remains among "best" in the space.
11/01/19
COWN
11/01/19
NO CHANGE
Target $260
COWN
Outperform
American Tower price target raised to $260 from $238 at Cowen
Cowen analyst Colby Synesael raised his price target on American Tower (AMT) to $260 from $238 following in-line Q3 results. The analyst said the recent India situation as well as the pending T-Mobile (TMUS)/Sprint (S) merger creates near-term uncertainty but he views the recent selloff as a buying opportunity. He expects more meaningful upside in 2020 when the India and merger situations are resolved. Synesael maintained his Outperform rating on American Tower shares.
11/04/19
RAJA
11/04/19
UPGRADE
Target $49
RAJA
Strong Buy
U.S. Cellular upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Ric Prentiss upgraded U.S. Cellular to Strong Buy from Outperform with a price target of $49, down from $53, following what he calls an overreaction on Friday to the Q3 results. In a research note to investors, Prentiss says he believes the brand refresh and new rate plans will continue to drive foot traffic into stores, helping postpaid phone subscriber growth and continues to believe the best option to maximize return on invested capital for U.S. Cellular would be to affiliate with, or sell to, a larger carrier, whether the T-Mobile (TMUS)-Sprint (S) merger is approved or not. The analyst views shares as "very attractive."

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$3.10

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Royal Gold

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0.64 (0.55%)

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ICPT

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HUN

Huntsman

$22.34

0.37 (1.68%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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UBER

Uber

$28.65

-0.405 (-1.39%)

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DOMO

Domo

$19.47

-0.19 (-0.97%)

, EZPW

Ezcorp

$5.21

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$19.47

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$10.02

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MDLA

Medallia

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UBER

Uber

$28.65

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Uber

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Uber

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CMG

Chipotle

$819.61

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BKH

Black Hills

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PRIM

Primoris

$21.92

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LMAT

LeMaitre

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CLBK

Columbia Financial

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AXS

Axis Capital

$58.42

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  • 26

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