Why T-Mobile (TMUS) Stock Rose Today

NEW YORK (TheStreet) -- T-Mobile (TMUS) shares gained 0.85% to $33.70 on Monday after being upgraded to "overweight" from "equal weight" by analysts at Evercore Partners (EVR), who also set a $40 price target.

Analysts at the firm believe that the telecom company is a smart investment and should expect it to be acquired by Sprint (S) or French company Iliad.

"While we do not believe [Iliad's] bid is likely to draw enthusiasm from either T-Mobile or investors - we believe it could serve as the impetus for a bidding war that will ultimately result in the expected bid from Sprint," said the firm.

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TMUS ChartTMUS data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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