Bernstein cut price targets on AT&T, T-Mobile and Verizon on views Elon Musk's Starlink poses a competitive threat. SpaceX stock fell.
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Investing.com -- Bank of America on Monday upgraded T-Mobile U.S. to Buy from Neutral, reflecting a view that the market is overreacting to concerns about low-earth-orbit (LEO) satellite competition, with T-Mobile carrying the lowest exposure to that threat among major U.S. carriers.
AT&T, T-Mobile, and Verizon have all seen elevated customer losses in recent months amid rising competition. In an effort to gain ground, the three carriers are joining forces to deliver a significant network upgrade for customers, a move that challenges a fast-growing competitor. In the ...