Oppenheimer Downgrades T-Mobile on Competitive Concerns
Oppenheimer downgraded T-Mobile on Friday from "outperform” to "perform," citing concern that the carrier will have a tough time beating subscriber and free cash flow estimates after a decade of share gains and margin expansion. The wireless industry “price war…
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will hurt flowshare and margins," Oppenheimer said in a note to investors. "Competitive intensity is high but will increase with [T-Mobile] having the most to lose."