Goldman Sachs Upgrades Sprint Nextel (S) to Buy
S Hot Sheet
Rating Summary:6 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgrades Sprint Nextel (NYSE: S) from Neutral to Buy with a $6 price target (from $3.50). The firm said churn is key, and they believe Sprint is about to "move the needle."
The firm said, "Sprint’s gross add/upgrade activity slowed sharply in 2008, which ironically should benefit the
company over the course of 2010 as the logical pool of churn subscribers is reduced."
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The firm said, "Sprint’s gross add/upgrade activity slowed sharply in 2008, which ironically should benefit the
company over the course of 2010 as the logical pool of churn subscribers is reduced."
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http://www.streetinsider.com/premium_content.php
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