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Fly News Breaks for January 6, 2020
S, TMUS
Jan 6, 2020 | 07:44 EDT
Cowen analyst Colby Synesael said he remains positive on T-Mobile (TMUS) and he expects more meaningful upside in 2020 on a no deal outcome as opposed to deal approval. The analyst believes the deal will be denied but sees upside because the company continues to execute and it is now generating significant free cash flow yet trades at just 7.0x EBITDA on a standalone basis. Synesael reiterated his Outperform rating and $96 price target on T-Mobile shares.
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