T-Mobile hit with downgrade from RBC on valuation concerns

Mon, Jan 6, 2025, 2:35 PM

RBC Capital Markets analysts have downgraded T-Mobile (TMUS) to Sector Perform from Outperform and reduced their price target to $240 per share from $255. While acknowledging the company's strong fundamentals, analysts suggest that T-Mobile's current valuation appears stretched — particularly in the context of today's higher interest rate environment.

Market Domination hosts Julie Hyman and Josh Lipton break down the details.

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This post was written by Angel Smith