Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    63,910.18
    +468.34 (+0.74%)
     

  • CMC Crypto 200

    1,381.15
    +68.53 (+5.22%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,402.80
    +4.80 (+0.20%)
     

  • Crude Oil

    83.37
    +0.64 (+0.77%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

4 big analyst picks: T-Mobile upgraded to Outperform on competitive advantages

Investing.com
·2-min read

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at T-Mobile US, Brown-Forman, Corning, and Principal Financial Group.

InvestingPro subscribers got this news before anyone else. Start your 7-day trial to get on board.

T-Mobile shares gain on upgrade

T-Mobile US (NASDAQ:TMUS) shares rose nearly 3% yesterday after Wolfe Research upgraded the company to Outperform from Peerperform with a price target of $160.00, as InvestingPro reported in real time.

The firm has a positive outlook on the T-Mobile stock, despite its 21% decline year-to-date. This is primarily because they believe the intrinsic value growth per share is expected to be strong.

ADVERTISEMENT

According to the firm, while cable companies have been successful in attracting 45% of the industry's new subscribers in 2023 through competitive pricing for postpaid phone services, T-Mobile's pricing and value proposition make it the most favorable choice for the majority of new customers who purchase 3 or more lines per account.

Brown-Forman upgraded to In Line

Evercore ISI upgraded Brown-Forman (NYSE:BFb) to In Line from Underperform and raised its price target to $68.00 from $60.00, noting that the company has tremendous brand assets, a demonstrated record of patient and effective innovation, and a long growth runway, and deserves to trade at a substantial premium to the Staples sector.

The company reported an unexpected rise in Q4 revenues on Wednesday as consumer demand for premium items remains resilient despite inflationary pressures.

2 more upgrade

Corning (NYSE:GLW) shares rose more than 2% pre-market today after Morgan Stanley upgraded the company to Overweight from Equalweight and raised its price target to $38.00 from $35.00.

Keefe, Bruyette & Woods upgraded Principal Financial (NASDAQ:PFG) to Market Perform from Underperform with a price target of $75.00.

Jump on the biggest news for your portfolio amid a barrage of market headlines: Always be the first to know with InvestingPro.

Start your free 7-day trial now.

Related Articles

4 big analyst picks: T-Mobile upgraded to Outperform on competitive advantages

BofA sticks with 'sell the last rate hike' call

Tesla, DocuSign and Adobe rise premarket; Coinbase falls