JPMorgan cuts T-Mobile target; TMUS slips to two-year low
TMUS shares fell up to 3% to a lowest level in more than two years. JPMorgan analyst Sebastiano Petti lowered the firm’s price target to $260 from $275 while keeping an Overweight rating, citing a softer service revenue outlook ahead of Q3.
T-Mobile US Inc. (TMUS) shares fell as much as 3% on Monday, reaching their lowest level in more than two years. JPMorgan analyst Sebastiano Petti cut the firm’s price target on T-Mobile to $260 from $275 and kept an ‘Overweight’ rating, according to TheFly.