Auriga Reiterates a 'Buy' on Sprint Nextel (S); Potential to Combine with Clearwire (CLWR) Pressuring Shares
S Hot Sheet
Rating Summary:6 Buy, 14 Hold, 3 Sell
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Auriga reiterates a 'Buy' rating on Sprint Nextel (NYSE: S), price target $6.
Auriga analyst says, "We see the long-term potential to buy in additional shares of Clearwire (Nasdaq: CLWR) as a high class problem for Sprint down the road. We do not believe that existing strategic investors have much reason to sell in the near term. We continue to believe that investors have several ways to win with Sprint's shares... Meanwhile, after two weeks, we believe sales of the company's Android-based EVO phone are going well."
To see all the upgrades/downgrades on shares of S, visit our Analyst Ratings page.
Sprint Nextel Corporation (Sprint) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers.
Auriga analyst says, "We see the long-term potential to buy in additional shares of Clearwire (Nasdaq: CLWR) as a high class problem for Sprint down the road. We do not believe that existing strategic investors have much reason to sell in the near term. We continue to believe that investors have several ways to win with Sprint's shares... Meanwhile, after two weeks, we believe sales of the company's Android-based EVO phone are going well."
To see all the upgrades/downgrades on shares of S, visit our Analyst Ratings page.
Sprint Nextel Corporation (Sprint) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses, government subscribers and resellers.
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