UBS Maintains a 'Neutral' on Clearwire (CLWR); Going It Alone?

UBS maintains a 'Neutral' on Clearwire (NASDAQ: CLWR) price target halved to $1.50.

UBS analyst says, "We are cutting our outlook for Clearwire on Sprint’s (NYSE: S) plan to build LTE on its G-block PCS spectrum, previewed in “Predictions for Sprint’s 4G analyst day” (9/15). Sprint will offer LTE-based 4G service starting in 1H12 on 15+ devices, incl tablets and smartphones. Along with the iPhone (Nasdaq: AAPL) , this should drastically cut CLWR’s wholesale net adds, as Sprint is CLWR’s biggest wholesale partner."

For more ratings news on Clearwire click here and for the rating history of Clearwire click here.

Shares of Clearwire closed at $1.39 yesterday.

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