Information Provided By:
Fly News Breaks for January 7, 2020
TMUS, S
Jan 7, 2020 | 05:24 EDT
Nomura Instinet analyst Jeffrey Kvaal upgraded T-Mobile (TMUS) to Buy from Neutral with a price target of $96, up from $88. The "long-awaited" resolution of the T-Mobile/Sprint (S) merger "is now well within the investable time horizon and is likely within a month," Kvaal tells investors in a research note. The analyst continues to believe that the deal is more likely to break. However, he considers T-Mobile shareholders winners in either scenario. Closure would allow T-Mobile to realize significant synergies, while a broken deal could remove a "sizeable multiple impediment and restore T-Mobile's modest premium," contends Kvaal. He believes the market to be pricing in a ~45% chance the court allows the deal. However, his read remains a more conservative 25%.
News For TMUS;S From the Last 2 Days
There are no results for your query TMUS;S