Fly News Breaks for February 21, 2020
Feb 21, 2020 | 09:42 EDT
New Street analyst Jonathan Chaplin upgraded Sprint to Buy from Neutral with an $11 price target.
News For S From the Last 2 Days
Jun 1, 2020 | 06:57 EDT
RBC Capital analyst Jonathan Atkin raised the firm's price target on T-Mobile (TMUS) to $110 from $94 and keeps an Outperform rating on the shares. The analyst is making adjustments to his model that include the acquisition of Sprint (S), divestiture of Sprint's prepaid assets to DISH (DISH) and a "better understanding of contributions from the DISH MVNO agreement" following the prepaid divestiture, raising his expected FY20 EBITDA view to $22.2B from $14.0B. Numerous "moving pieces" remain, but Atkin sees T-Mobile as "favorably positioned" with a value proposition and prospective network improvements along with its strengthened spectrum portfolio.