BUZZ - Raymond James upgrades T-Mobile rating to "Outperform", shares rise

October 12 - ** Telecom operator T-Mobile (TMUS.O) shares rose about 3% in early trading, at $152.40

** Raymond James upgraded its rating from “Market Perform” to “Outperform”; target price set at $170

** The firm believes that recent market concerns over competition from SpaceX SPCX.O appear to be exaggerated

** It added that the recent pullback in the share price has made the stock’s valuation more attractive relative to its growth prospects and to peers such as AT&T and Verizon

** Out of 18 brokerages, 14 rate the stock as “Buy” or higher, while 4 give it a “Hold” rating; the median target price is $235 — data compiled by LSEG

** As of the previous trading day's close, the stock had declined about 27% year-to-date

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