BUZZ-Morgan Stanley names T-Mobile 'top pick' among U.S. telecom stocks

Reuters12-11
BUZZ-<a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a> names T-Mobile 'top pick' among U.S. telecom stocks

** Morgan Stanley says T-Mobile TMUS.O is its top pick in the U.S. wireless industry; maintains "overweight" rating on stock

** Brokerage expects TMUS to continue gaining market share "thanks to the strongest brand, largest mid-band spectrum position, and a track record of customer satisfaction that is distinct in this sector"

** Morgan Stanley remains "overweight" on AT&T T.N, says brokerage is confident in co's ability to deliver on long-term guidance

** Expects co to deliver "solid" wireless postpaid net adds results and its fiber business, helped by recent deployment of additional mid-band spectrum

** For Verizon VZ.N, Morgan Stanley remains "equal-weight", as co is in the midst of a strategic revamp under its new CEO

** Raises estimate for VZ consumer postpaid net additions in FY 2026, and expects co to optimize its capex spending

** Morgan Stanley cuts PT for AT&T T.N to $30 from $32, Verizon VZ.N to $47 from $48, and T-Mobile US TMUS.O to $260 from $280

** Up to last close, TMUS had fallen ~9% YTD, and T had risen ~8%, while VZ remained flat

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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