BofA Resumes Clearwire (CLWR) at Buy, Sets $4 Price Target
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Price: $4.99 --0%
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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BofA/Merrill Lynch resumes coverage on Clearwire (NASDAQ: CLWR) with a Buy rating and $4 price target.
The firm cites the resolution of the company's near-term funding overhang and improved clarity on the Clearwire/Sprint (NYSE: S) deal. BofA believes the stock's current valuation can be supported by an increasing scarcity of spectrum over the near term.
Clearwire shares last traded at $2.20, up 3.3 percent from Monday's closing price. The firm's price target represents potential upside of about 82 percent.
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
The firm cites the resolution of the company's near-term funding overhang and improved clarity on the Clearwire/Sprint (NYSE: S) deal. BofA believes the stock's current valuation can be supported by an increasing scarcity of spectrum over the near term.
Clearwire shares last traded at $2.20, up 3.3 percent from Monday's closing price. The firm's price target represents potential upside of about 82 percent.
For an analyst ratings summary and ratings history on Clearwire click here. For more ratings news on Clearwire click here.
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