UBS Maintains a 'Neutral' on Clearwire (CLWR); Oct. 7 Could Be A Negative Catalyst

UBS maintains a 'Neutral' on Clearwire (NASDAQ: CLWR) price target lowered by $1 to $3.

UBS analyst says, "CLWR shares remain under pressure given Sprint’s apparent unwillingness to take on CLWR debt and its potential alternatives for 4G. We expect Sprint to announce an organic LTE build, along with the iPhone and faster progress on Network Vision, at its Oct. 7 analyst meeting, which could be a negative catalyst for CLWR." (UBS lowers FY11 EPS estimate from (1.90) to (1.96) and FY12 from (1.19) to (1.23))

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

Shares of Clearwire closed at $2.73 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
• EQT Corp. (EQT) PT Lowered to $46 at Wolfe Research
• Boston Scientific (BSX) PT Raised to $83 at Stifel