T-Mobile Is Merger Top Dog, While Verizon, AT&T Estimates Cut

T-Mobile US (TMUS)  is in the "driver's seat" with a number of merger options, according to brokerage firm UBS, which also hiked its price target on the wireless carrier firm Wednesday and cut first-quarter earnings estimates for rivals AT&T (T) and Verizon Communications (VZ).

UBS analyst John Hodulik raised his price target on T-Mobile to 80 from 63. Merger talks among telecom firms have been on hold pending the end of a government auction of radio spectrum owned by local TV stations....

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