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T-Mobile (TMUS) Stock Advancing, Upgraded at Wells Fargo

NEW YORK (TheStreet) -- Shares of T-Mobile USA (TMUS) were gaining in early-morning trading on Monday as Wells Fargo boosted its rating on the stock to "outperform" from "market perform," the Fly reports.

The firm also increased its price target range to $52 to $54 from $48 to $50 on shares of the Bellevue, WA-based wireless carrier.

Wells Fargo said the company's free cash flow should ramp significantly in 2017, the Fly noted.

Additionally, T-Mobile should see ongoing positive momentum in subscriber...