12:15 PM EDT, 09/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target price by $20 to $60, applying an EV/EBITDA multiple of 7.1x to our '25 estimate, a premium to its five-year historical average multiple at 6.2x. AD completed the $4.3 billion sale of the UScellular wireless business and certain spectrum assets to TMUS, which was described as unlocking significant value for shareholders and strengthening the balance sheets of both AD and TDS. This transaction also resulted in $1.7B in debt being assumed by TMUS, reducing Array's balance sheet debt, and enabled a special dividend of $23/share to be paid, with TDS receiving approximately $1.63B. These actions are expected to lead to $80 million in annual interest savings and a reduction in the average cost of debt to just over 6%. AD expects to incur additional wind-down costs for the remainder of '25 and into '26 as it transitions from a wireless service provider to an independent tower company. These expenses are anticipated to hurt profitability and adjusted EBITDA during this period.