Sprint (S) Outperform Rating Reiterated at Wells Fargo (Earlier)

Wells Fargo earlier maintained an Outperform rating on Sprint (NYSE: S) with a price target of $11-$11.75. Analyst Jennifer M. Fritzsche discussed the company's high cost structure compared to companies like T-Mobile (Nasdaq: TMUS). In her view. this creates opportunity. The report noted T-Mobiles' EBITDA margin in 2013 was 520bps higher than Sprint, and she sees opportunity to close the gap.

For an analyst ratings summary and ratings history on Sprint click here. For more ratings news on Sprint click here.

Shares of Sprint closed at $5.54 yesterday.

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