T-Mobile Downgraded by Wolfe Research on Competitive Pressure
-0.42% to $182.61 from $183.38
What moved TMUS
- Wolfe Research downgraded T-Mobile to Peer Perform from Outperform, citing mounting competitive pressure in its core wireless market.
- The firm said long-term revenue growth forecast risk has tilted negative as competitors expand within T-Mobile’s core business.
- The downgrade adds to a string of recent analyst notes flagging concerns about T-Mobile’s consumer value proposition following recent pricing changes.
Sources: Investing.com