NEW YORK (TheStreet) -- Shares of T-Mobile USA (TMUS) - Get T-Mobile US, Inc. Report were gaining in early-morning trading on Monday as Wells Fargo boosted its rating on the stock to "outperform" from "market perform," the Fly reports.
The firm also increased its price target range to $52 to $54 from $48 to $50 on shares of the Bellevue, WA-based wireless carrier.
Wells Fargo said the company's free cash flow should ramp significantly in 2017, the Fly noted.
Additionally, T-Mobile should see ongoing positive momentum in subscriber growth and will be helped by merger and acquisition speculation following the U.S. presidential election, the firm added.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TMUS