Nomura Securities Maintains a 'Neutral' on Sprint (S); Cash Flow Profile

Nomura Securities maintains a 'Neutral' on Sprint (NYSE: S) price target of $4.00.

Nomura analyst, Mike McCormack, says, "A report on the expectation for negative wireless cash flow at Sprint. By our analysis, Sprint’s cash flow profile has changed considerably, with the wireless business now a net drag on consolidated cash flow. If industry competition further compresses Sprint’s margins, and cash generation will likely be further impaired. Despite the recent ~50% decline in share price, we still do not believe the risk/reward is attractive. We remain below consensus and see further risk to our and Street EBITDA estimates."

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

Shares of Sprint closed at $3.25 yesterday.

---

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

---

You May Also Be Interested In

• SentinelOne Inc (S) PT Raised to $27 at Oppenheimer
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
• Fiserv (FISV) PT Lowered to $60 at Freedom Broker