T-Mobile's Premium Valuation Prompts Downgrade As Growth Projections Decelerate: Analyst
T-Mobile(TMUS) Benzinga·2024-12-12 19:32Keybanc analyst Brandon Nispel downgraded T-Mobile US Inc TMUS from Overweight to Sector Weight.The rerating reflects the valuation, which Nispel noted as stretched, and was unwilling to raise his price target to justify the valuation.The analyst noted a lot to like in the business that has proven to be the market share leader in Wireless for nearly the past decade, and its FWA business has proven to be accretive.Also Read: Synopsys Proposes Divesting Units, Including Ansys PowerArtist, For $35 Billion EU D ...