Why This T-Mobile Bear Is Throwing in the Towel and Upgrading the Stock
Market Intelligence Analysis
AI-PoweredA KeyBanc Capital Market analyst upgraded T-Mobile US stock to Sector Weight from Underweight, citing the company's better-than-expected Q3 earnings and revenue, making shares more attractive at current levels.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
T-Mobile US stock caught an upgrade on Tuesday, as the KeyBanc Capital Market analyst thinks shares look more attractive at current levels following a selloff driven by competitive fears. Brandon Nispel upgraded shares of T-Mobile to Sector Weight from Underweight and removed his previous price target of $200. T-Mobile reported better-than-expected third-quarter earnings and revenue on Oct. 23.
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