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Fly News Breaks for February 12, 2020
Feb 12, 2020 | 08:12 EDT
Argus analyst Joseph Bonner raised his price target on T-Mobile (TMUS) to $105 and kept his Buy rating after the federal court decision this week to allow its Sprint (S) merger to proceed. The analyst believes that giving up Sprint's prepaid businesses and some spectrum to Dish (DISH) is a "good deal", and the merger should improve the company's competitive position relative to Verizon (VZ) and AT&T (T). Bonner adds that T-Mobile has been successful with its service plan innovations to drive "robust subscriber acquisition metrics".
News For TMUS;S;DISH;VZ;T From the Last 2 Days
Jun 1, 2020 | 09:40 EDT
Unusual total active option classes on open include: CrowdStrike Holdings (CRWD), Pfizer (PFE), Virgin Galactic (SPCE), iShares China Large Cap ETF (FXI), Health Care Sector SPDR ETF (XLV), Nokia (NOK), Nutanix (NTNX), Slack (WORK), Beyond Meat (BYND), and Verizon (VZ).
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.