T-Mobile gains as Raymond James upgrades to 'outperform'

T-Mobile Us

12/10/2026 15:28

** Shares of telecom operator T-Mobile TMUS.O up ~3% at $152.40 in morning trading
** Brokerage Raymond James raises rating to "outperform" from "market perform"; initiates PT of $170
** Says recent concerns over potential competition from SpaceX SPCX.O appear overstated
** Adds that the recent pullback has left the stock trading at a more attractive valuation relative to its growth outlook and to peers such as AT&T and Verizon
** 14 of 18 brokerages rate the stock "buy" or "higher", 4 "hold"; their median PT is $235, - data compiled by LSEG
** Up to last close, stock was down about 27% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))