Shares of U.S. Cellular and Telephone and Data Systems may be due for more gains following President-elect Donald Trump's victory, according to Raymond James.
Its $86 price target for U.S. Cellular reflects 32% upside, while Telephone and Data Systems' target of $51 implies more than 56% upside, as of Wednesday's close.
Analyst Ric Prentiss thinks Trump's win signals a weaker regulatory environment that could ultimately pave the way for T-Mobile's $4.4 billion acquisition of most of U.S. Cellular to go through .
TDS USM 6M mountain TDS vs. USM, six-months Both stocks have had a positive run this year, with shares of U.S. Cellular seeing gains of nearly 57% and Telephone and Data Systems advancing more than 77% year to date.
The stocks have had an even bigger run in the past six months, surging around 83% and more than 111%, respectively.
Persons:
Donald Trump's, Raymond James, Ric Prentiss, Prentiss
Organizations:
U.S . Cellular, Telephone, Data Systems, U.S, Cellular, USM