KeyBanc analyst Brandon Nispel raised the firm’s price target on T-Mobile to $185 from $175 and keeps an Overweight rating on the shares. T-Mobile reported mixed results, with service revenue slightly below expectations and adjusted EBITDA higher on better expenses, the analyst tells investors in a research note. The firm thinks 2024 guidance should be achievable and likely has upside and maintains that T-Mobile has created a sustainable 5G network advantage and subscribers will follow, and expects to see high single digit EBITDA growth and double digit free cash flow growth, which should be returned to shareholders.
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