NEW YORK (TheStreet) -- T-Mobile US Inc. (TMUS - Get Report) had coverage initiated at BMO Capital Markets with an "outperform" rating and a $40 price target "based on a weighted average of our estimated acquisition price and our standalone TMUS valuation," the firm said.
"Our expectations for earnings growth from greater scale, reduced churn, continued subscriber growth, and the potential for the company to be acquired outweigh our concerns," the firm said in a note.
Shares of T-Mobile US are down -0.36% to $32.87 in pre-market trade.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts