TMUS - What the Delay in T-Mobile's $60B Shareholder Return Means for Investors: Expert Opinions from Analysts | Benzinga
Raymond James analyst Ric Prentiss maintained T-Mobile US (NASDAQ: TMUS) with a Strong Buy and lowered the price target from $184 to $172.
The analyst updated his model for the company's announced shareholder remuneration plans.
The shareholder return plans of $19 billion between 4Q23 and year-end 2024 ($3.75 billion in dividends, the remainder in stock buybacks) are coming in lighter than he had been modeling ($27 billion only consisting of buybacks).
The previously guided $60 billion of total shareholder returns will come late (early 2026 vs. by year-end 2025).
So his lowered price target reflects a higher share count, but also note that the total ...