Raymond James upgrades T-Mobile on expanding footprint

|About: T-Mobile US, Inc. (TMUS)|By:, SA News Editor

T-Mobile (NASDAQ:TMUS) is likely to see solid revenue generation as the fruit of an effort to expand its retail presence, among other factors, a bullish Raymond James says.

Analyst Ric Prentiss upgraded the stock to Strong Buy from Market Outperform, reiterating a $76 price target, implying 28% upside.

The company opened 1,500 T-Mobile-branded stores last year, along with 1,300 MetroPCS stores -- and while many of the stores were in legacy markets, it's now continuing into "greenfield" markets, he says.

That translates into a growing retail presence that should come with significant cash flow generation, he writes.

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