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Fly News Breaks for February 12, 2020
TMUS, S
Feb 12, 2020 | 06:26 EDT
Nomura Instinet analyst Jeffrey Kvaal raised his price target for T-Mobile (TMUS) after a U.S. district court approved the company's acquisition of Sprint (S). While the analyst expects the state attorneys general to appeal, given the judge's unqualified opinion, he now ascribes the likelihood of closure to be ~80%. T-Mobile shares have neared a $93 standalone target, and thus may be more attractive for event-driven investors than fundamental investors for now, Kvaal tells investors in a research note. He keeps a Buy rating on T-Mobile.
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