Citigroup Upgrades Clearwire (CLWR) to Hold
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Citigroup upgrades Clearwire (Nasdaq: CLWR) from Sell to Hold, citing valuation after recent stock underperformance. The firm believe the risk-reward scenario is becoming more symmetrical with opportunities to generate mobile broadband revenue.
The firm is still concrend about the company's operating strategy, revenue model relative to its guidance, and prospective funding.
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CLWR
mcd1490@aol.com on Jul 2, 2008 10:04 AMWhy not a merger. or a buyout? The product is a winner.