Bank of America: Limited upside potential for T-Mobile (TMUS.US), reiterates "Neutral" rating.

According to the Securities Times app, Bank of America Securities reiterated its rating on T-Mobile (TMUS.US), giving it a "neutral" rating and a target price of $255. The reason for the neutral rating given by Bank of America is that the stock is considered overvalued, with a P/E ratio of 23 times. In addition, Bank of America remains cautious about the company's high institutional ownership and record-high growth expectations, suggesting limited upside potential. However, the bank confirmed T-Mobile's industry-leading position in net additions of postpaid mobile users, and its revenue and EBITDA are also growing.