Scotiabank upgrades T-Mobile on expected growth of US wireless market
ReutersApr 30, 2025 12:13 PM
Brokerage Scotiabank upgrades wireless provider T-Mobile TMUS.O to "sector outperform" from "sector perform" and ups PT to $277.50 from $275
New PT a 12.9% upside to stock's last close
Brokerage says the U.S. wireless market is still growing at an annual rate of around 8.5 million new subscribers
Brokerage believes the company's financial guidance suggests strong growth in the second half of the year
Scotiabank expects U.S. phone subscribers to increase 1.5% to 2% in 2025
"We believe the path for growth in front of TMUS has not diminished" - Brokerage
As of last close, TMUS stock up 9.5% YTD
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