Morgan Stanley names T-Mobile 'top pick' among U.S. telecom stocks

Morgan Stanley says T-Mobile TMUS.O is its top pick in the U.S. wireless industry; maintains "overweight" rating on stock

Brokerage expects TMUS to continue gaining market share "thanks to the strongest brand, largest mid-band spectrum position, and a track record of customer satisfaction that is distinct in this sector"

Morgan Stanley remains "overweight" on AT&T T.N, says brokerage is confident in co's ability to deliver on long-term guidance

Expects co to deliver "solid" wireless postpaid net adds results and its fiber business, helped by recent deployment of additional mid-band spectrum

For Verizon VZ.N, Morgan Stanley remains "equal-weight", as co is in the midst of a strategic revamp under its new CEO

Raises estimate for VZ consumer postpaid net additions in FY 2026, and expects co to optimize its capex spending

Morgan Stanley cuts PT for AT&T T.N to $30 from $32, Verizon VZ.N to $47 from $48, and T-Mobile US TMUS.O to $260 from $280

Up to last close, TMUS had fallen ~9% YTD, and T had risen ~8%, while VZ remained flat