Goldman Sachs Downgrades Sprint (S) to Neutral, Sees Greater Risk
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Price: $23.11 -3.06%
Rating Summary:
24 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Sprint (NYSE: S) from Buy to Neutral and lowered their price target form $6 to $5.
The firm said while Q4 was an inflection point on postpaid, margins remained under pressure while capital spending plans are higher than expected. With key fundamental inflections realized in Q4, and more risk in 2011, they no longer find compelling risk/reward in Sprint.
For more ratings news on Sprint click here and for the rating history of Sprint click here.
Shares of Sprint closed at $4.60 yesterday.
The firm said while Q4 was an inflection point on postpaid, margins remained under pressure while capital spending plans are higher than expected. With key fundamental inflections realized in Q4, and more risk in 2011, they no longer find compelling risk/reward in Sprint.
For more ratings news on Sprint click here and for the rating history of Sprint click here.
Shares of Sprint closed at $4.60 yesterday.
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