Auriga Upgrades Sprint (S) to Buy
More News related to S
- Sprint to Carry Live NFL Network Game Telecasts
- Clearwire (CLWR) to raise $1.56B from group led by Sprint (S), Comcast (CMCSA)
- Sprint Nextel (S) Aims to Reduce Labor Costs by $350M in Q409
- Sprint Nextel Announces Actions to Reduce Labor Costs by at Least $350 Million
- Sprint Prepared For Tropical Storm Ida's Impact
More News related to Upgrades
- Canaccord Adams Reiterates a 'Buy' on Veeco Instruments (VECO); Raises PT & Estimates
- Canaccord Adams Reiterates a 'Buy' on NBTY (NTY); Raises PT
- Canaccord Adams Reiterates a 'Buy' on Protalix BioTherapeutics (PLX)
- Canaccord Adams Reiterates a 'Buy' on Rosetta Resources (ROSE); Raises PT
- Wells Fargo Cuts Q4, FY10, FY11 Estimates on Boeing (BA) Following Recent Change to Pension
Auriga upgrades Sprint (NYSE: S) from Hold to Buy and raises their price target form $5.50 to $7, citing improved expectations for net subs.
The firm said, "While the shares remain wildly volatile, we base our upgrade on strong continued demand for Sprint’s Boost prepaid offering, combined with an expected slowing in post-paid subscriber losses starting in 2H09. With the stock down more than 20% over the past two weeks, it is now much closer to our floor $4 valuation estimate, thus making the risk/reward attractive, in our view."
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
UpgradesStocks Mentioned
-0.16Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
