Wells Fargo: T-Mobile's user growth leads peers, rating upgraded to "Overweight"
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Wells Fargo has upgraded T-Mobile's stock rating to "Overweight" due to its lead in user growth over Verizon and AT&T. Analyst Eric Luebchow pointed out that T-Mobile is expected to continue leading industry growth with its extensive 5G coverage and strong mid-band spectrum. Compared to its competitors, T-Mobile's valuation premium has narrowed, while Verizon faces challenges, and stock price volatility will persist until the new CEO clarifies the strategic direction. Luebchow predicts that T-Mobile will maintain its lead in postpaid user growth in the coming years
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